KISC definition
Examples of KISC in a sentence
KISC relies upon all information provided to KISC, whether financial or otherwise, by Plan, Plan Sponsor, their representatives or their third-party service providers without independent verification.
THIS SERVICE AGREEMENT (“Agreement”) is among KISC, LLC (“KISC” hereinafter refers to KISC, LLC), [insert name of Plan Sponsor] (“Plan Sponsor”), [insert name of Plan] (“Plan”) and [Insert name of Fiduciary] (“Fiduciary”).
It warrants and represents that Fiduciary is independent of, and unrelated to, KISC.
Fiduciary agrees to promptly notify KISC in writing of any material change in the financial and other information provided to KISC and to promptly provide any such additional information as may be reasonably requested by KISC.
Fiduciary has determined the fees charged by KISC are reasonable and are the obligation of the Plan.
The Plan elects KISC to perform the services as indicated on Schedule A.
The custodian is authorized in writing, by the Plan, to pay KISC from direct deduction to participants’ accounts.
Fiduciary undertakes to review and consider the disclosures made by KISC (including in this Agreement and the Form ADV Part 2), in particular the portions related to services, compensation, and potential conflicts of interest, as well as the remainder of the disclosures.
KISC does not and cannot guarantee any results and past performance is not a guarantee of future results.
Fiduciary wishes to engage KISC to provide to the Plan, Plan Trustees, and Plan Sponsor the services described in this Agreement.