Tender Details

Country: USA
Summary: Recordkeeper for Deferred Compensation - 457(B) and 401(A) Plans
UST Ref No: 100992695
Deadline: 21 Jun 2024
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.: 2023-GEN-0373
Purchaser's Detail:
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Description:
The County of Sacramento is seeking proposals from interested firms that are qualified to provide 457(b) and 401(a) record-keeping and participant education services for the County-s deferred compensation plans. These primary services include, but are not limited to:RecordkeepingAdministration Participant enrollmentParticipant education Custodial trustee serviceRegulatory supportThe primary objectives of the Request for Proposal include the following:Enhance participant outcomes;Improve participants- financial wellness;Assess the competitiveness of the Plan-s fees;Enhance employees- awareness of all the benefits and features the Plans offers;Improve participant communication and education;Increased reporting capabilities, including Part Time, Seasonal, and Temporary (PST) reporting, ad hoc reporting, annual report for board requirements, and integrating Sacramento County Employees- Retirement System (SCERS) and Social Security (SS) data;Outsource administrative functions where appropriate;Strategically map participants- assets to the Plan-s age-appropriate Qualified Default Investment Alternative (QDIA) target date fund unless an updated investment directive is received;Encourage participants to validate or update their beneficiary information;Retain plan assets by providing a platform that is competitive as both an asset accumulation and decumulation vehicle;Provide a platform that accommodates investment vehicles that mitigate investment related expenses, such as collective trusts and separate accounts;Provide compelling managed account solutions;Protect participant data and offer strong indemnification;Provide increased accountability and performance metrics;Allow in-service SCERS credit purchases;Allow catch-up and super catch-up contributions;If applicable, develop and implement a comprehensive transition plan, including a conversion education campaign; andPartner with a Vendor that offers the plan sponsor and participants a robust and intuitive digital experie...
Documents:

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Recordkeeper for Deferred Compensation - 457(B) and 401(A) Plans - USA Tender

The PERSONNEL SERVICES, a Government sector organization in USA, has announced a new tender for Recordkeeper for Deferred Compensation - 457(B) and 401(A) Plans. This tender is published on USARFP under UST Ref No: 100992695 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2024-06-21.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.