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MB-6980 - USA (Nevada) - Third Party Administrator Services for 403(B) and 457 (B) Plans - Deadline January 12,2023

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Posted Date : December 09,2022
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : MB-6980
Government Authority located in Nevada; USA based organization looking for expert vendor for third party administrator services for 403(B) and 457 (B) plans.
[A] Budget: Looking for proposal
[B] Scope of Service:
(1) Vendor needs to provide third party administrator services for 403(B) and 457 (B) plans.
- Shall advise and consult with the district on technical matters relative to the district’s voluntary employer sponsored retirement programs under all applicable sections of the Internal Revenue including, but not limited to IRC Sections 403 (b) and 457 (b) plans
- Provide email notifications for each payroll cycle to District Program managers advising them of each individual employee whose projected contributions are nearing their maximum contribution limit
- Assign a minimum of two dedicated experienced, highly knowledgeable primary contact personnel that are assigned to the district’s account who: understand the contract requirements, are experienced in retirement plan administration and compliance services/requirements
- Continuously review emerging practices, laws and Internal Revenue Service Codes to recommend changes to increase/maintain operational efficiencies and comply with legal and code requirements
- Assist the District in correcting any operational deficiencies or failures existing in prior years as allowed by Internal Revenue programs or procedures.
- Develop, maintain, and update Plan Documents for the 403(b) and 457(b) programs
- Provide toll-free telephone service, with adequate incoming lines, staffed by live representatives, to answer Participant inquiries and provide assistance
- Maintain a fully functional website on a 24x7x365 basis with a 99.999% availability rating, forgoing scheduled maintenance during non-business hours.
(2) All question must be submitted no later than December 22, 2022.
[C] Eligibility:
Onshore (USA organization Only)
[D] Work Performance:
Performance of the work will be offsite.
Budget :
Deadline to Submit Proposals: January 12,2023
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$

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