10.25 Summaries

… NOTE 3: RELATED-PARTY TRANSACTIONS - CONTINUED On May 3, 2016, the State entered into a custodial agreement with Voya Institutional Trust Company. As part of this agreement, Voya has set up a Plan Expense Reimbursement Account (P ERA) to accumulate amoun …

… ttributed to the magnitude of the Plan’s investment in a single issuer. The Plan’s investments are held in custody by Voya Institutional Trust Company and Charles Schwab self-directed brokerage account. The concentrations of investments are determined by the p …