Deferred Compensation Consulting Services

The vendor required to provide deferred compensation consulting services for include:
- Consulting services
•    Conduct quarterly reviews of investment options (e.g., target-date funds, core funds, stable value) against industry benchmarks and the county’s investment policy statement
•    Use industry-standard metrics to assess
•    Performance, fees, and manager stability.
•    Provide market overview and economic outlook.
•    Create and maintain a fund watch lists for investment line up that are not meeting objectives in the IPS.
•    Recommend fund replacements via analysis, including due diligence and peer comparisons.
•    Provide cost analysis and monitoring of the plan investment expenses compared to benchmarks.
•    Deliver reports in pdf/excel formats, suitable for intranet posting, with executive summaries,
•    Visualizations, and recommendations.
•    Annually evaluate the recordkeeper’s compliance with contract terms, service levels (e.g., call
•    Response times, error rates), and participant satisfaction (via surveys).
•    Propose performance guarantees or penalties and enhancements (e.g., digital tools).
•    Facilitate participant feedback and analyze engagement trends.
•    Annually review and recommend updates and improvements to the IPS, and plan document to
•    Comply with IRS rules (e.g., secure 2.0), dol guidance, and reflect plan design best practices.
•    Inform and provide guidance to the dcc with any legal and/or legislation changes/developments
•    That would affect the plan.
•    Deliver tailored education sessions (virtual/in-person) for dcc and employees as requested.
•    Provide dcc advice and training on such topics as fiduciary responsibilities and risk
•    Management strategies to dcc.
•    Ensure participant communications are clear and accessible (e.g., plain language).
•    Respond to county plan administrator requests within 5 business days:
o    Investment analysis and monitoring:
o    Provider performance evaluation:
o    Plan governance and policy support:
o    Education and communication:
o    Ad hoc consulting.
- Solicitation support services
•    Draft RFPs with county staff, defining scope and evaluation criteria (such as investment lines, service levels) and timelines.
•    Provide expertise on industry trends, fee structures, and service models.
•    Assist with responding to bidder questions.
•    Assist dcc with developing scoring criteria. Assist dcc with evaluating rfp proposals and recommend finalists.
•    Assist with preparing interview questions and criteria for evaluating finalists.
•    Assist with bidder's conference.
•    Participate in finalist interviews and provide recommendations.
•    Negotiate favorable terms (e.g., fee caps, expenses, service and performance standards).
•    Manage transitions, including data migration and participant communications.
•    Assist with debriefs with unsuccessful bidders.
•    Assist with in responding to any protests that may arise over the results of the RFP process.

- Contract Period/Term: 
- Pre-Proposal Conference Date: March 3, 2026
- Questions/Inquires Deadline: March 10, 2026