smart options for retirement Schools First

FEDERAL CREDIT UNION

1M

formerly OCTFCU

October 14, 2009

DearM_-

We are writing to inform you that effective December 2009 SchoolsFirst Federal
Credit Union along with our partner National Benefit Services will begin imposing a
fee to the vendors- p-articipating-in your school district's 403(b)-plan. -New regulatory
requirements and greater participant communications have significantly increased
the cost related to the administration of 403(b) plans. Because of this, like many
other third party administrators, we expect vendors to share in the expense. We
will charge the vendors $2.00 per month per active participant. Please note, this
does not change the terms of your agreement with SchooisFirst FeU, and the
charge will be to the vendor, not the school district -

You should know that once the fee is introduced, there is a possibility that some
vendors may elect to stop offering their products to participants in the plan. In
addition, some may choose to pass the fee onto the participants. While we do not
expect this to be the case with the majority of the vendors, we did want you to know
this may happen.

Online Enclosed you will find a TPA Appointment Notice. We ask that you complete and
www.SchoolsFirstfcu.org return it to us by November 30, 2009. This notice will serve a dual purpose as it
authorizes the billing of TPA fees to the plan vendors, and allows us to act on behalf
-of your district in fulfilling duties associated with the 403(b) Provider /Information
Telephone
Sharing Agreements.
Service Center /
800.462.8328 As always, thank you tor your continued support. Please be assured that our
714.258.4000
commitment to you will remain focused on providing the highest level of service,
while keeping your district in compliance with the ever changing regulatory
environment related to administering your 40"3(b) plan. If you-have any questions
Street Address related to this change, we would be happy to discuss them with you. Please
2115 N. Broadway contact Carol Silva at 800-462-8328 extension 8347.
Santa Ana, CA

92706
Sincerely,
~ rJJ~ '.
(Y.
Mailing Address

P.o. Box 11547 Darin Woinarowicz . nOli Wd 6113060-

Senior Vice President, Financial Services
Santa Ana, CA
S3Jl A Ci3S rn:JN V NLi
92711-1547

Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRAISIPC, a registered
broker/dealer and Investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109: NondepOsif-irhlestnien\ and Insurance products are not federally insured,
involve investment risk, may lose value and are not obligations of or guaranteed by ScIlooIsFIISt FCU. CBSI is under contract with SchoolsRrst FCU, through the financial services program,
to make securities available to Members_ .
Schools First
FEDERAL CREDIT UNION
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Serving School Employeesas OCTFCU Since 1934

Notice to Investment Providers of TPA Appointment

By signing below, "Employer") authorizes SchoolsFirst Federal Credit

Union and National Benefit Services, LLC (together acting as Third Party-Administrator) to act on behalf
of the Employer in fulfilling duties associated with the National Benefit Services 403(b)
Provider/Information Sharing Agreement in order to provide 403(b) plan administration and compliance
services, Additionally, NBS is authorized to bill third party administration fees to the plan vendors. Plan
t
r
vendors are authorized to deduct third party administration fees from participant accounts.

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