MB-3979 - USA (Massachusetts) - Independent Third-Party Administration Services - Deadline April 3,2020

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-3979

Government Authority located in Massachusetts; USA based organization looking for expert vendor for independent third-party administration services.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide independent third-party administration services of 403(b) compliance program.
- Independent Third-Party Administrators (TPA) to assist interested school districts within the collective purchasing group with the implementation and operation of each school district's 403(b) and related programs and act as third party administrator ("TPA") for each program.
- Independent Third-Party Administrator involves seven general areas of service or functions for 403(b) and similar pre-tax salary contribution or deferral programs: authorizations, monitoring, tracking, disbursing, communicating, customer service and auditing.
- Employee/ Employer Account Administration to manage the enrollment process and the flow of information and money between the participant, member school districts, the contractor and the investment vehicles, communicate salary reduction agreement payroll changes to and from the school district and from and to the investment vendors/providers, and establish notification procedures, audit individual vendor/ provider activity to ensure contributions are distributed to employee accounts in a timely manner when received, monitor and authorize contract exchanges among 403(b) service providers, if permitted by the plan, monitor and authorize plan-to-plan transfers from this 403(b) plan to/from another school's 403(b) plan, monitor and authorize rollovers into the 403(b) plan.
(2) A Pre-Bid Meeting will be held on March 18, 2020.
(3) All question must be submitted no later than March 25, 2020.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

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

[E] Proposal Submission:

Response should be submitted physically (courier or post).

Expiry Date : Friday, 3 April, 2020

Pre-proposal Conference Date : Wednesday, 18 March, 2020

Question Answer Deadline : Wednesday, 25 March, 2020

Category : Medical Billing and Coding

Country : USA

State : Massachusetts

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