MB-3478 - USA (Oregon) - Third Party Administration Services for Retirement Plans Services - Deadline October 16,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-3478

Government Authority Located in Oregon; USA based organization looking for expert vendor for third party administration services for retirement plans services.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide third party administration services of a multiple vendor platform for voluntary 403(b) and 457(b) retirement plans,
- The TPA will provide at a minimum the following services:
- Strict administrative oversight and responsibility for all plan activities to ensure compliance with federal and state regulations including plan document creation and modification, retention management, audit assistance, and assistance with employee transactions,
- Information to the district including latest legal and legislative requirements and any pending legislation and communication and methodology to meet compliance requirements,
- Maintain confidentiality of employee database information and use information obtained as a TPA for only plan compliance and administration,
- Marketing of products, selling or otherwise sharing any information with related or unrelated parties is prohibited unless necessary for plan compliance purposes,
- Common remittance services for contribution collection and disbursements in compliance with federal and state regulations and plan requirements, online secure employee and employer resources are desirable,
- Provide and process customized salary reduction agreements and other forms in compliance with applicable laws and plan terms including monitoring of employer and employee contributions to defined contribution plans (as applicable) and advising/assisting the District in taking appropriate corrective action whenever the situation requires such action to the government authority located in Redmond, OR.
(2) All questions must be submitted no later than September 25, 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, 16 October, 2019

Question Answer Deadline : Wednesday, 25 September, 2019

Category : Medical Billing and Coding

Country : USA

State : Oregon

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