Deferred Compensation Retirement Third-Party Administrator Services

The agency is seeking a third-party administrator to provide deferred compensation retirement services. This initiative supports the broader mission of advancing regional trade, travel, commerce, and job creation by attracting and retaining talented employees through a robust total rewards package. The agency needs to solve the challenge of delivering integrated technology solutions that connect with payroll and human resources systems while offering comprehensive retirement planning resources to plan participants. The scope of work covers a transition period, a reconciliation period, and the distribution of informational materials both pre- and post-transition. The selected administrator must conduct participant meetings, perform record-keeping services, manage investment options, and offer a self-directed brokerage option. Additionally, the project requires participant services, plan sponsor services, robust technology integration, and resources for loans, hardships, education, and retirement planning consulting. Eligible bidders must be onshore organizations based in the United States. The agency requires the performance of all work to take place offsite. Bidders must submit their proposals digitally via email or through an online portal. The agency is looking for proposals to determine the budget for these services. The procurement schedule requires all questions to be submitted no later than June 10, 2026. The agency will hold a pre-bid meeting on June 8, 2026.