Third Party Administration Services

The Vendor is required to provide third party administration services for tax sheltered annuities and optional insurance policies for district employees.
- Requirements:
•    Obtain district pre-approval to be on-site and immediately report representative's presence to the district's site administration office; 
•    Not cause any interference with the educational process; 
•    Obtain district’s pre-approval of all commercial material displayed or distributed; 
•    Not request, or expect, to be given speaking opportunities during district staff meetings; 
•    Be respectful of all district staff and not disturb disinterested individuals; and 
•    Set appointments to speak with interested individuals only during non-work hours.
- Proposal requirements:
•    Provide a brief description of the service provider, as well as any other organizations joining with service provider to provide administration services for tax sheltered annuities and optional insurance policies to the district. 
•    This description should include a history of the service provider, number of employees, organizational structure of the service provider, and service provider’s experience and history with providing the required services to large-scale organizations.
•    Provide a statement of qualifications and strengths the service provider believes will single out the service provider as the best candidate to accomplish the project services and goals.
•    Indicate the amount of time the service provider has been providing third party administration services for tax sheltered annuities and optional insurance policies.
•    Provide the total number of the service provider’s third party administration clients for tax sheltered annuities, including the total number of individual accounts in the service provider’s portfolio and total annual charge volume.
•    Provide a list of public agency clients lost and new public agency clients gained in the pass three (3) years.
•    Provide two years of audited financial statements or audited profit-and-loss statements.
•    Provide a list of all pending litigation and outstanding claims against the service provider including but not limited to bankruptcy or other financial problems, pending litigation, planned office closures, and impending merger.
•    Provide evidence that the service provider has a “bankers blanket bond” or “financial institution bond” in force and effect.
•    Provide a proposed pricing and fee schedule that is all-inclusive and for the full range of services detailed in the service provider’s proposal.