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9 .2 Administration of Fund: As provided in section <br /> 21677 of the Government Code, the Board has the exclusive control <br /> of the administration and investment of the Fund. As provided in <br /> section 21676 of the C-<)verrurient Code, the Board may retain a bank <br /> or trust company to serve as a custodian for safekeeping, <br /> recordkeeping, delivery, securities valuation, investment <br /> performance reporting, or other services in connection with the <br /> investment of the Fund. In addition, the Board may retain one or <br /> more investment managers or investment advisors to manage or <br /> participate in the ma-m-agement of the investment portfolios of the <br /> Fund. All expenses and fees incurred in the administr, ta.on of <br /> the Fund shall be treated as Plan expenses under Section 10 .4 . <br /> 9 . 3 Investment Options: The Board shall establish <br /> such Investment Options as it deems necessary to provide <br /> Participants with a diversified range of alternatives, including <br /> but not limited to Investment Options of the type described in <br /> section 21673 of the Grovernment Code. Each Investment Option <br /> shall be based upon the investment performance of one or a <br /> combination of separate investment portfolios maintained under <br /> the Fund. The Board shall specify the investment objectives and <br /> characteristics of each Investment option and the corresponding <br /> investment portfolio or portfolios and shall provide Employers <br /> and eligible Employees with a written description of each <br /> available Investment Option. The Board, in its sole discretion, <br /> may add, eliminate, cr consolidate Investment Options and <br /> corresponding investment portfolios from time to time. In the <br /> event that an Investment option is eliminated, the Board shall <br /> provide prior notice of such elimination, and if the Participants <br /> whose Accounts were wholly or partially allocated to that <br /> Investment option do not make a re-allocation, the Board shall <br /> re-allocate such amounts to the available Investment Option or <br /> Investment options that the Board in its sole discretion deems <br /> most comparable to the eliminated Investment Option. <br />