Posted Date : January 29,2019
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : EXTRA-4430
Government Authority located in Bristol, Connecticut; USA based organization looking for expert vendor for defined contribution plan consulting services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide consulting service to perform a review of the city’s defined contribution plans and provide ongoing advisory services to employees to the government authority located in Bristol, CT.
A. Performance Measurement Services
- The consultant shall provide the following performance measurement services for the plans:
- Review all plans and provide report on performance of the current investment options relative to their appropriate benchmarks and peer groups.
- Identify under-performing investment options and develop and recommend a list of appropriate alternatives for the city to review and approve, if appropriate.
- Review expense ratios, fees and revenue sharing rates for funds within the 457 plans to ensure that the expense ratios, fees and revenue sharing rates are within a reasonable range as compared to other funds in the same asset classes.
- 457 investment options - provide input and advice to the city with respect to the offered plans and investment options. Advise the city with respect to requests to the plan administrator for changes to the investment option menu, if appropriate.
B. General Consulting Services
- The consultant may be requested to provide, including but not limited to, the following general consulting services:
- On an ongoing basis, continue review of plans and quarterly report on performance of current investment options; identify under-performing investment options; and review expense ratios, fees and revenue sharing rates for fund investments within the 457 plans comparing to other funds in the same asset classes.
- Assist the plans, using the consultant’s knowledge of best practices, in the preparation of procedures, policies, manuals, forms, plan documents, and other important documentation for city consideration and approval, if appropriate. Ongoing updates of these documents will also be expected to be prepared in reaction to legal and economic changes.
- Keep the city and its staff informed related to current and proposed changes in laws, regulations, ordinances, etc.; consult with city and city staff regarding actions to be in compliance.
- Assist the plans in analysing and identifying the need for new or enhanced services including the development of requests for proposals (RFPs) and requests for qualifications (RFQs); and provide input regarding potential plan and contract amendments and procedures related to such services.
- Review education materials and the delivery systems used for said training currently available to the plans’ participants. Recommend changes to ensure that materials are complete and accurate.
- Annually meet with plan participants to review plan and investment choices.
- Advise the city on the impact to the plans of tax law changes and any other legislation related to the plans.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: February 21,2019
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : EXTRA-4430
Government Authority located in Bristol, Connecticut; USA based organization looking for expert vendor for defined contribution plan consulting services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide consulting service to perform a review of the city’s defined contribution plans and provide ongoing advisory services to employees to the government authority located in Bristol, CT.
A. Performance Measurement Services
- The consultant shall provide the following performance measurement services for the plans:
- Review all plans and provide report on performance of the current investment options relative to their appropriate benchmarks and peer groups.
- Identify under-performing investment options and develop and recommend a list of appropriate alternatives for the city to review and approve, if appropriate.
- Review expense ratios, fees and revenue sharing rates for funds within the 457 plans to ensure that the expense ratios, fees and revenue sharing rates are within a reasonable range as compared to other funds in the same asset classes.
- 457 investment options - provide input and advice to the city with respect to the offered plans and investment options. Advise the city with respect to requests to the plan administrator for changes to the investment option menu, if appropriate.
B. General Consulting Services
- The consultant may be requested to provide, including but not limited to, the following general consulting services:
- On an ongoing basis, continue review of plans and quarterly report on performance of current investment options; identify under-performing investment options; and review expense ratios, fees and revenue sharing rates for fund investments within the 457 plans comparing to other funds in the same asset classes.
- Assist the plans, using the consultant’s knowledge of best practices, in the preparation of procedures, policies, manuals, forms, plan documents, and other important documentation for city consideration and approval, if appropriate. Ongoing updates of these documents will also be expected to be prepared in reaction to legal and economic changes.
- Keep the city and its staff informed related to current and proposed changes in laws, regulations, ordinances, etc.; consult with city and city staff regarding actions to be in compliance.
- Assist the plans in analysing and identifying the need for new or enhanced services including the development of requests for proposals (RFPs) and requests for qualifications (RFQs); and provide input regarding potential plan and contract amendments and procedures related to such services.
- Review education materials and the delivery systems used for said training currently available to the plans’ participants. Recommend changes to ensure that materials are complete and accurate.
- Annually meet with plan participants to review plan and investment choices.
- Advise the city on the impact to the plans of tax law changes and any other legislation related to the plans.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: February 21,2019
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$