WINDSOR CHARTER TOWNSHIP

EATON COUNTY, MICHIGAN

RESOLUTION NO. 2026-12

Resolution authorizing the transition of the township's retirement plan provider from John Hancock to Voya Financial.

At the regular meeting of the Township Board of Windsor Charter Township, Eaton County, Michigan, held at the Windsor Charter Township Meeting Room on July 28, 2026, at 7:00 p.m., Rumsey moved to adopt the following RESOLUTION NO. 2026-12, which motion was seconded by Barnhart-Smith.

At a regular meeting of the Windsor Charter Township Board, held on July 28, 2026, at the Windsor Charter Township Emergency Services Building in Dimondale, Michigan.

WHEREAS,

Windsor Charter Township currently offers retirement benefits to eligible employees through plans administered by John Hancock; and

WHEREAS,

The Township Board has reviewed information regarding the retirement plan services offered by Voya Financial, including plan administration, investment options, participant services, and available retirement plan features; and

WHEREAS,

The Township desires to provide employees with enhanced retirement plan options, including the ability to offer a 457 Deferred Compensation Plan with participant loan provisions, improved investment choices, and enhanced participant education and support; and

WHEREAS,

The Township's Financial Advisor has advised that, should the Township wish to implement the transition effective January 1, 2027, Board approval should occur before the end of August 2026 to allow sufficient time for implementation and participant enrollment; and

WHEREAS,

The Township Board finds that transitioning the Township's retirement plan provider from John Hancock to Voya Financial is in the best interests of the Township and its employees.

NOW, THEREFORE, BE IT RESOLVED THAT:

1. Windsor Charter Township hereby approves the transition of its retirement plan provider from John Hancock to Voya Financial, subject to the execution of all required agreements and successful completion of the transition process.
2. The Township authorizes the establishment of the appropriate retirement plans through Voya Financial, including a 401(a) Defined Contribution Plan, as applicable.
3. The Township's desired effective date for the transition shall be January 1, 2027, provided all implementation requirements have been completed.
4. The Township Clerk or Township Treasurer is hereby authorized to execute all documents, agreements, payroll authorizations, investment service agreements, and any other paperwork necessary to implement and complete the transition approved by this Resolution.
5. The Township Clerk and Township Treasurer, with the assistance of other Township staff as necessary, are authorized to coordinate with Voya Financial, the Township's Financial Advisor, the Township's payroll provider, and legal counsel to implement and complete the transition approved by this Resolution.
6. This Resolution shall take effect immediately upon adoption.

YEAS: Shaw, Rumsey, Barnhart-Smith, Pray, Slucter, Gardner

NAYS: None

ABSENT: Myers

RESOLUTION DECLARED ADOPTED.