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MB-5230 - USA (Virginia) - Third Party Administrator Services - Deadline May 10,2021

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-5230

Government Authority located in Virginia; USA based organization looking for expert vendor for third party administrator services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

Vendor needs to provide third party administrator services to the government au
- to act as a Third-Party Administrator (TPA) for Tax Sheltered Annuities (TSA-403b) including Roth 403 (b)’s,
- The purpose of this solicitation pertains to plan administration, professional review, and IRS tax and regulatory compliance services for the District’s 403(b) tax-deferred investment program, which is funded primarily from voluntary salary reductions made by the School Division’s employees,
- Oversee all aspects of IRS compliance with the District's 403(b) program by all parties involved. In the event of an IRS audit, TPA will represent at the audit,
- Review all employee contributions and perform all necessary calculations to ensure compliance with all IRS regulations pertaining to 403(b) program,
- Review all contributions to ensure that additions to the 403(b) program for each participant are within limits prescribed by Section 415 of the Internal Revenue Code,
- Provide an administrative procedure manual to be used by the District to administer the program. This manual shall include master copies of all forms required for the 403 (b) process,
- Review all employee Salary Reduction Agreements and sign the forms to verify compliance with the Internal Revenue Code and applicable regulations. TPA shall provide a designee who shall
receive all new and revised Salary Reduction Agreements. TPA shall complete review of new and revised Salary Reduction Agreements within three business days.

[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 : Monday, 10 May, 2021

Category : Medical Billing and Coding

Country : USA

State : Virginia

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