Retirement Services

The Vendor is required to provide to serve as the retirement services advisor for the city’s 401(a) and 457(b) retirement plans.
- Provide ongoing advisory services, which include, but are not limited to, comprehensive plan consulting and fiduciary support in accordance with ERISA 3(21) Co-Fiduciary standards.
- Plan Level Services
•    Review of current plan design and architecture
•    Investment policy review and recommendations
•    Assignment of a lead retirement consultant/advisor
•    Annual calendar of retirement education and meetings
•    Provide a progress report on investments
•    Produce all meeting presentations and agenda items
•    Provide fiduciary education to plan level sponsor
•    Lead the Retirement Advisory Committee meetings and take minutes (quarterly)
•    Vendor contract negotiations
•    Plan document and contract review and advice
•    Peer/Industry Benchmarking and analysis
•    Regulatory compliance and plan governance
•    Recordkeeper fee review annually
•    Recordkeeper searches as needed 
•    15.Client references
•    16.Dedicated financial advisors assigned for continuity
- Individual/Employee Level Services:
•    Enrollment assistance with expertise in a non-technological workforce
•    Assist participants in accessing account information and navigating websites
•    Provide fiduciary advice (not just education)
•    Investment diversification recommendations with no sales benefit/commission to consultant
•    Provide one-on-one meetings multiple days per year in person to Participants
•    Provide a number to call to speak to Financial Advisers to support employees with these fiduciary.

- Contract Period/Term: 1 year
- Non-mandatory Pre-Proposal Conference Date: September 15, 2025
- Questions/Inquires Deadline: September 18, 2025