Deferred Compensation Retirement Third-Party Administrator Services

The issuing agency is seeking a third-party administrator to provide deferred compensation retirement services. The agency needs to attract and retain talented employees by offering a robust total rewards package that supports its mission of advancing regional trade, travel, commerce, and job creation. To solve this, the agency requires integrated technology solutions that connect with payroll and human resources systems, alongside a web-based portal for plan participants to monitor their retirement accounts. The scope of work covers transition period services, a reconciliation period, and the creation of informational materials both pre- and post-transition. The selected administrator must conduct participant meetings, provide record-keeping services, manage investment options, and offer a self-directed brokerage option. Additionally, the project requires participant services, plan sponsor services, loan and hardship resources, technology integration, and retirement planning and consulting support. Eligible bidders must be onshore United States organizations. The agency allows the performance of the work to be conducted offsite. Bidders must submit their proposals digitally via email or online, and the agency is currently looking for proposals to establish the budget. The agency has scheduled a pre-bid meeting for June 8, 2026. Bidders must submit all questions regarding this opportunity no later than June 10, 2026.