Exhibit 10.6.4
PROGRAM SERVICES
AGREEMENT
Between
ING Life Insurance and Annuity
Company
and
ABA Retirement
Funds
Purchase Order No.
5
This is Purchase Order No. 5 to the
Program Services Agreement between ING Life Insurance and Annuity
Company and ABA Retirement Funds (“ABA RF”) effective
May 1, 2009 (the “Agreement”).
|
I.
|
Describe the
Current Service Being Changed (If unrelated to any existing
service, do not complete):
|
|
|
A.
|
This Purchase
Order specifically addresses the conversion of all Self-Managed
Brokerage Account (SMBA) assets in the ABA RF Program (the
“Program”) from State Street Global Markets (SSGM) to
TD Ameritrade.
|
|
II.
|
Describe the
Reason for Making the Change:
|
The ABA RF has chosen TD Ameritrade
(“TDA”) to replace SSGM as the new brokerage provider
for the ABA RF Program with an anticipated effective date on or
about August 26, 2011.
|
III.
|
The Proposed
Change:
|
|
|
A.
|
Add new Roth
Account functionality to the generic ING/TDA file transmission. Add
functionality to the existing generic ING/TDA daily file
transmission that will enable liquid cash to be available trade
date plus one (T+1). Delete old (SSGM) data fields and initialize
new data fields (TDA) for participant and plan records.
|
|
|
B.
|
Development of
business and functional design documents that highlight any areas
requiring development based upon the findings from the project
meeting sessions.
|
|
|
C.
|
Anticipated
areas of development are IPS recordkeeping system, Voice Response
Unit, Pweb (participant website) and all reports and forms provided
to participants and sponsors reflecting SMBA.
|
|
|
D.
|
Attendance and
preparation for project meetings (external) sessions from April
2011 through August 2011 for IPS Implementation Services and IT
project personnel not otherwise part of the ABA RF Program
Se
|