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CITY OF WEST CHICAGO
CITY COUNCIL
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEM NUMBER: __7- +-
Resolution No. 23-R-0005 — Plan Coordinator for the City’s
MissionSquare Retirement Plans FILE NUMBER:
COMMITTEE AGENDA DATE: N/A
COUNCIL AGENDA DATE: 2/6/2023
STAFF REVIEW: SIGNATURE
APPROVED BY CITY ADMINISTRATOR: SIGNATURE
ITEM SUMMARY:
The attached Resolution removes an employee’s name as the Plan Coordinator and uses the position’s
title who will serve as such. This way, changes won't need to be made when employees leave the
employ of the City. There are no additional changes.
STAFF RECOMMENDATION:
Staff recommends approval of Resolution No. 23-R-0005.
COMMITTEE RECOMMENDATION:
This item did not go to Committee as there are no substantive changes.

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RESOLUTION NO. 23-R-0005
DESIGNATING THE FINANCE DIRECTOR AS PLAN ADMINISTRATOR FOR THE CITY
OF WEST CHICAGO’S (IL) MISSIONSQUARE RETIREMENT PLANS
(302492 and 100246)
WHEREAS, the Employer has employees rendering valuable services; and
WHEREAS, the establishment of a deferred compensation plan for such employees
serves the interests of the Employer by enabling it to provide a reasonable retirement security for
its employees, by providing increased flexibility in its personnel management system, and by
assisting in the attraction and retention of competent personnel; and
WHEREAS, the Employer has determined that the establishment of a deferred
compensation plan to be administered by MissionSquare Retirement serves the above objectives;
and
WHEREAS, the Employer desires that its deferred compensation plan be administered by
MissionSquare Retirement, and that some or all of the funds held under such plan be invested in
VantageTrust, a trust established by pubic employers for the collective investment of funds held
under their retirement and deferred compensation plans;
NOW THEREFORE BE IT RESOLVED that the Employer hereby adopts the deferred
compensation plan (the “‘Plan’’) in the form of: (Select one)
X The MissionSquare Retirement Deferred Compensation Plan and Trust
The plan provided by the Employer (executed copy attached hereto).
BE IT FURTHER RESOLVED that the employer hereby adopts the Declaration of Trust of
VantageTrust Company dated May 2001, intending this adoption to be operative with respect to
any retirement or deferred compensation plan subsequently established by the Employer, if the
assets of the plan are to be invested in the trust created by such Declaration of Trust (the
“Vantage Trust”) that provides for the commingled investment of retirement funds.
BE IT FURTHER RESOLVED that the assets of the Plan shall be held in trust, with the
Employer serving as trustee, for the exclusive benefit of the Plan participants and their
beneficiaries, and the assets shall not be diverted to any other purpose.
BE IT FURTHER RESOLVED that the Employer hereby agrees to serve as trustee under the
Plan.
BE IT FURTHER RESOLVED that the Finance Director shall be the coordinator for this
program; shall receive necessary reports, notices, etc. from MissionSquare Retirement or
Vantage Trust; shall cast, on behalf of the Employer, any required votes under VantageTrust;
Administrative duties to carry out the plan may be assigned to the appropriate departments, and

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is authorized to execute all necessary agreements with MissionSquare Retirement incidental to
the administration of the Plan.
APPROVED this 6" day of February, 2023.
AYES:
NAYES:
ABSTAIN:
ABSENT:
Mayor
ATTEST:
Executive Assistant