Cloud Hosted Retirement Plan Tracking Software

The county is seeking a cloud-hosted retirement plan tracking software to support the administration of its county retirement plan. The system must track three or more tiers of 401a retirement plan types, including grandfathered provisions, and accurately calculate benefits based on eligibility rules such as age, service, employment status, and job class. Additionally, the software must support spouse and beneficiary elections, facilitate fund transfers between multiple institutions like Wells Fargo and US Bank, and process lump-sum benefit payouts. The agency requires the solution to perform audits on events such as death to discontinue or modify payments when appropriate. The software must be delivered as a Software as a Service (SaaS) or an equivalent fully hosted cloud deployment that requires no on-premise infrastructure for compute, database, or storage components. The cloud platform must support seamless, non-disruptive upgrades with zero system downtime for maintenance. Only United States organizations are eligible to bid on this opportunity. The selected vendor must perform all work offsite at their own office location. The agency is looking for budget proposals to determine the cost of the project, and bidders must submit all questions regarding the solicitation no later than June 16, 2026.