Plan Admin, Recordkeeping and Participant Deferred Compensation Plan Service

The Travis County government authority in Texas is seeking a vendor to provide plan administration, recordkeeping, and participant deferred compensation plan services. The agency wants to enable eligible employees to accumulate long-term retirement savings through individual participant accounts and subsequent investment results. To meet the investment needs of plan participants, the agency requires investment offerings across various asset classes, which may include mutual funds, variable annuity separate accounts, collective trusts, or other legally permitted investments. The scope of work includes providing a menu of investment options that allows participants to construct portfolios consistent with their unique circumstances, goals, time horizons, and risk tolerances. The plan may also include managed account services provided through an independent investment advisor, target date mutual funds, or target risk mutual funds to help participants make appropriate investment decisions. The selected vendor must perform all work offsite within the United States. The agency is establishing a contract period of one year. Bidders must submit all questions regarding this opportunity no later than June 12, 2026. The agency has not disclosed a specific budget and is currently looking for proposals to determine the cost.