Third Party Administrator Services

The Vendor is required to provide as a TPA for Tax Sheltered Annuity with the intent for providing professional review, administrative and IRS tax-compliance services (“Services”) for agency and/or Participants for 403(b) and/or 457(b) investment programs which are funded by voluntary salary reductions made by employees and employer non-elective contributions, in full compliance with Sections 403(b), 457(b), 401(a)(9), 401(a)(17), 402(g) and 3401/3121 of the Internal Revenue Code and applicable Treasury Regulations, as may be amended from time to time.
- Provide documentary evidence of Third Party Administrator for Tax Sheltered Annuity 403(b) and/or 457(b) qualifications.
- Provide documentary evidence that the Vendor is an established provider of Third Party Administrator, tax shelter annuities, having conducted business as such for at least five (5) years as well as a brief description of its business activities and history;
- Provide the names of the Vendor’s officers and associates and the title of person(s) submitting the Proposal, the main office address, and primary and secondary points of contact and their telephone, mobile and fax numbers (including area codes);
- Provide specific details with respect to (i) the Vendor’s independence from the investment side of the 403(b) and/or 457(b) business and (ii) the Vendor’s management of conflict-of interest issues which may have arisen in past service engagements. Please note and highlight (if applicable) specific experience with conflict-of- interest issues that may have arisen with school districts;
- State the size of the organization, the size of the organization’s consulting staff;
- State the names and provide resumes of all partners, associates, and other staff that might be assigned to provide Services pursuant to this RFP;
- Provide information on how long the Vendor has been in business and length of its experience in Third Party Administration;
- Provide an educational video for agency and each Participant to use in employee meetings. Such video shall address Universal Eligibility Requirements and explain the benefits of having a 403(b) and/or 457(b) account. Videos will be updated as required, from time to time, to address any and all changes which may occur in the Internal Revenue Tax Code, as intended to satisfy all Universal Eligibility and Non-Discrimination Requirements as promulgated by the Internal Revenue Service.