MB-4161 - USA (Georgia) - Third Party Administration Services - Deadline June 9,2020

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-4161

Government Authority located in Georgia; USA based organization looking for expert vendor for third party administration services

[A] Budget: Looking for proposal

[B] Scope of Service:

(1) Vendor needs to provide third party administration services for 403b and 457 retirement plans.
1. Work with the BCSD Committee to gather employee input on current retirement plan offerings as to degree of satisfaction in meeting employee financial needs and provide strategic planning input and recommend any improvements to increase the value and quality of the retirement offerings. 2. Evaluate, compare, and market the recommended retirement plans to secure the best products, services, and value for BCSD employees. Identify appropriate vendors, analysis of proposals, provisions of recommendations, and assistance in contract negotiation. 3. Audit resulting contracts for accuracy of plan, terms and conditions. 4. Ensure compliance with state and federal legislation, provide all legally required notifications, tax reporting, and other documentation. 5. Annual review of the retirement plan offerings for quality of products provided, cost effectiveness, competitiveness, plan administration, analysis of enrollment and performance. 6. Assisting with plan renewals, including negotiation of changes in contracts. 7. Produce marketing and engagement materials in various forms to promote the value of BCSD retirement plans and drive engagement with employees in financial planning. 8. Participation in benefit fairs and BCSD promoted events, including new hire orientations. 9. Provide an education program that communicates and delivers information to employees in a manner which assists all employees in determining personal needs, in assessing the retirement plans, and in effectively utilizing the benefits. 10. Participation in annual orientations and communication of employee services as well as assisting with information and enrollment of employees as they become newly eligible throughout the year. Various enrollment options should be available to employees to accommodate different needs. 11. Establish and maintain a comprehensive open access webpage in conjunction with other benefit offerings, to include information and resources applicable to employees, ideally hosted by the vendor but displayed as an extension of the BCS webpage. The information should be open access and available for recruiting and promotion. 12. Support of BCSD staff handling benefits in training and education for new technology, processes, or procedures derived from the TPA. Meeting with BCSD administrative staff, as needed. 13. Provide ongoing information on trending employee retirement plan issues, proposed or new legislation that affect BCSD. 14. Assist BCSD with contribution reconciliation and serve as liaison between BCSD and Providers, assisting with plan changes, rate changes, and other administrative support issues. 15. Provide a key contact person to be available to answer questions and resolve issues that arise during the year regarding employee plans, contract administration, and service provisions. 16. Resolution of all problems, disputes, errors, and claims in a timely and professional manner.
(2) All question must be submitted no later than May 22, 2020.

[C] Eligibility:

- Onshore (USA Organization Only);

[D] Work Performance:

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

Expiry Date : Tuesday, 9 June, 2020

Category : Medical Billing and Coding

Country : USA

State : Georgia

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