Retirement Brokerage Services

The Vendor is required to provide a 401(a) plan and 457(b) deferred compensation retirement plan for its administrative (non-line) employees.
- Provide a retirement plan provider to deliver a comprehensive, compliant, and competitive 401(a) plan solution. There are currently 45 participants in the plan, with total assets value of $9,391,824.09.
- The district utilizes an independent retirement plan broker/consultant to support plan administration, compliance, investment oversight, employee education, and strategic planning.
- Provide to ensure the district’s retirement offerings remain competitive, compliant, cost-effective, and aligned with workforce needs and long-term organizational sustainability.
- The district seeks proposals from qualified firms with demonstrated experience in public-sector retirement plan brokerage and advisory services to support plan oversight, fiduciary guidance, fee transparency, investment performance monitoring, and employee engagement.
- Providers to continue or replace the existing 401(a) & 457(b) plans with a solution that offers:
•    Strong investment options,
•    Transparent and competitive fee structures,
•    Comprehensive participant education and support,
•    And a high level of administrative and fiduciary service.
- The selected provider will be responsible for:
•    Plan recordkeeping and administration
•    Third Party Administration (TPA) services
•    Investment menu design and performance monitoring
•    Participant enrollment, education, and communication
•    Plan compliance and fiduciary support
•    Secure data integration and reporting
•    Coordination of plan transition (if applicable)
•    Proposals should also outline any value-added services offered, such as financial wellness programming, digital tools, or plan design consultation.