Plan administrator reports payments and confirms LOSAP contributions

Dana, the plan administrator/recorder, presented the administrator's report and listed administrative payments and the annual LOSAP contribution during the St. Mary's County LOSAP Committee meeting on June 26.

Dana said administrative payments of $8,961.43 were made, and she itemized April services to Boomershine for $2,240.75, a benefit-study invoice for $892.50, Marquette Associates fees of $4,184.15, and administrative fees of $1,636.03 for March through May. She reported the annual LOSAP contribution was $1,000,986.43 and that a final contribution of $4,496,510 was made in June.

A committee member moved to accept the plan administrator's report as presented and another member seconded; the committee approved the motion by voice vote. No individual roll-call tallies were recorded in the transcript.

Dana also listed the committee’s next regular meeting dates: Aug. 28, Oct. 23 and Dec. 4. The committee adjourned after accepting the administrator’s report and completing the agenda.