The Vendor is required to provide retirement plan administration services.
- Record-keeper to provide comprehensive, cost-effective, and compliant administration of the City’s retirement plans.
- Responsible for delivering accurate recordkeeping, regulatory compliance, participant education, robust technology, and responsive service tailored to the needs of public-sector employees and the plan sponsor.
- Provide to enhance plan efficiency, improve participant engagement and retirement readiness, and ensure the long-term operational efficiency of the plan.
- Provide full-service recordkeeping, administration, and participant support for the city non-erisa governmental 457(b) deferred compensation plan and 401(a) money purchase plan.
- Services include:
• Plan Recordkeeping and Administration
• Compliance and Regulatory Support
• Participant Services and Education
• Plan Sponsor Services
• Investment Platform and Oversight
• Conversion and Implementation Services
• Cybersecurity and Data Protection.
- Contract Period/Term: 5 years
- Questions/Inquires Deadline: June 13, 2025