Deferred Compensation Consultant Services

The Vendor is required to provide deferred compensation consulting to help oversee the compliance and fiduciary duties related to the county’s voluntary 457(b) and 401(a) plans.
- Must acknowledge in writing they have a fiduciary obligation as an investment advisor to the 457(b) and 401(a) plans while providing the consulting services to the County. 
- Firm must be Registered Investment Advisors.
- Services include:
•    Act as a co-fiduciary for the county’s 457(b) deferred compensation plan and the 401(a) defined contribution plan.
•    Assist county staff in managing relationships with plan providers.
•    Conduct on-going review of service levels from plan providers.
•    Conduct periodic RFPS to evaluate service providers in the market to ensure that county is favorably positioned related to competitive pricing, fees, and investment options.
•    Provide current, timely, and appropriate education and information to internal committee members on an on-going basis.
•    Review investment policy statements and make recommendations as needed to ensure due diligence.
•    Review other required or recommended documents and make recommendations as needed to ensure due diligence.
•    Provide periodic analysis of investment options offered by plan providers, ensuring options offered provide an appropriate mix of investment types that spread investment risk over multiple investment options.
•    Provide periodic analysis of investment options offered by plan providers, ensuring options offered are performing favorably compared to peers and appropriate indexes. For funds not performing up to expectations based on peers or indexes, as well as the county’s investment policies and guidelines, provide guidance and recommendations for replacement options.

- Contract Period/Term: 5 years
- Questions/Inquires Deadline: October 1, 2025