Specifications include, but are not limited to: The Universities are seeking proposals for firms with demonstrated experience as providers of 457(f) Deferred Compensation Plans, including plan design and administration, record keeping, investment option selection, monitoring, and trustee/fiduciary education. The Universities wish to achieve quality and diverse investment options with competitive fee structures beneficial to the presidents and executive director. High quality customer service for the Universities and superior investment advice is a priority. The Trust is intended to be a grantor trust, within the meaning of section 671 of the Internal Revenue Code of 1986, as amended (the "Code"), with the income of the Trust to be treated as the University's income. The Trustee shall invest the trust estate and all earnings thereon as the Board shall direct, subject to any limitations under applicable federal and state laws, including, without limitation, applicable provisions of Code section 457(f) and the Regulation issued thereafter. During the term of the Trust, all income earned by the Trust net of administration expenses (the "Net Income") shall be accumulated and reinvested and shall become a part of the trust estate, to be held and administered in accordance with the terms of the Agreement.