Deferred Compensation Plan Services

The Genesee County government authority in Batavia, New York is seeking a vendor to provide comprehensive deferred compensation plan services for its employees. The agency wants to establish a planned program that enables employees to enhance their financial position and retirement income. To solve this need, the agency requires a suite of investment products alongside administrative, trustee, enrollment, and counseling services. The scope of work covers developing and submitting the plan to the deferred compensation committee, as well as providing on-demand consultation for reviewing financial hardship withdrawals. The selected vendor must demonstrate the operation and profitability of the proposed investment products to the deferred compensation committee. These investment products must be capable of meeting the varied financial goals of the county workforce, and all performance of the work will take place offsite. Eligibility is strictly limited to onshore organizations based in the United States. The agency will evaluate proposals based on the demonstrated viability of the investment products and the completeness of the administrative and counseling services. Bidders must submit any questions regarding this opportunity no later than June 25, 2026. Final proposals must be submitted digitally via email or through the designated online portal, and the agency is currently open to reviewing all proposed budget structures.