RS-0664 - USA (Los Angeles, California) - 457 Deferred Compensation Plan - Deadline September 18,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: RS-0664

Government Authority located in Los Angeles, California; USA based organization looking for expert vendor for 457 deferred compensation plan.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide recordkeeping, plan administration, investment options, education and financial planning and counseling for its 457 deferred compensation plans to the government authority located in Los Angeles, CA.
- To provide deferred compensation participants high quality service, education and investment options at a reasonable cost,
- Additional goals include outsourcing 457 plan investments and administration, providing current annuitants in the 457 plan viable investment options and obtaining computer interface and internet access for supplying and receiving plan data at the sponsor level and participant level,
- Recordkeeping:
- Maintain records of participant’s account. this would include but not be limited to: personal data, beneficiary designations, loans, current investment holdings, daily valuation of investments, account market value, month to date transaction history, summary of monthly transactions, gains and losses for the month, fees paid during the month, gains and losses for the year, annual total employee and employer contributions, annual total return information,
- Process participant enrolments, process changes to deferral and allocation amounts, maintain records of non-proprietary investment vehicles, maintain a toll-free telephone center with access to service representatives and an automated voice response system,
- 457 Plan Administration:
- Develop and distribute plan literature, to include plan summaries, enrolment considerations,
investment options, investment performance, and plan fees,
- Develop and distribute quarterly informational newsletters,
- Process bi-weekly payroll and employer matching contributions from HRIS and payroll
- Credit participant accounts immediately upon receipt of funds to ensure funds are available for
same day investments,
- Maintain records of Plan Sponsor's account. This must include: Current investment holdings, Total fees paid, Total account market value with a breakdown by total mutual funds, total stock and total
- Trustee services including: tracking outside investment funds, maintain separate accounts by participant,
- 457 plan investment options: participants are allowed to self-direct their investments, the provider must furnish internet access to all investments.
(2) All the questions must be submitted no later than September 3, 2019.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Wednesday, 18 September, 2019

Question Answer Deadline : Tuesday, 3 September, 2019

Category : Records Storage Services, Auditing, Finance and Accounting, Professional, Consulting, Administrative or Management Support Services

Country : USA

State : California

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