Investment Custodial Services

The Vendor is required to provide investment custodial services for the county’s deferred compensation and thrift plan.
- A third-party administrator (TPA) performs the recordkeeping for both Plans.
- The TPA is responsible for maintaining the account records for each participant and provide daily valuation for these accounts.
- The TPA accepts monthly contributions through automatic payroll deductions and allocates the funds among the various investment options available through the Plans in accordance with participants’ directions.
- Accounts and Cash Management
•    Target Date Funds: Each of the Target Date Funds (“TDF”) is created by using Asset Classes in proportionate percentages based on an age glide path developed by the Plan’s Investment Consultant, which is updated on an annual basis.
•    Asset Class Accounts: Each Asset Class Account must contain the Investment Portfolio Accounts that are of that Asset Class as described in the Plan Investment Structure provided in and for any additional Asset Class Accounts and/or Investment Managers, which committee may employ in the future.
•    Liquidity buffer portfolios accounts: For each Asset Class, there is a corresponding liquidity buffer portfolio mostly from index funds. Custodian must also create corresponding designated cash investment accounts for each Asset Class if needed.
•    Investment Portfolio Accounts: Investment Portfolio Accounts will be used to manage the daily investment activity of each Investment Manager of the Plan. Committee may from time to time add or terminate an Investment Manager to which Custodian will need to add or delete, respectively, an Investment Portfolio Account.
- To provide the services required under this Contract, and at all times acting consistent with the terms and conditions herein, Custodian, its Agents, and its Sub-custodians may open and maintain bank accounts in their respective names or their respective nominees names, in such banks or trust companies as they deem advisable (including a bank of Custodian).
- In exchange for or upon conversion into other securities alone or other securities and cash pursuant to any securities issuer's plan, merger, consolidation, reorganization, recapitalization, or readjustment.

- Contract Period/Term: 5 years
- Questions/Inquires Deadline: September 19, 2025