Section 457 Deferred Compensation Plan Service

The Chemung County Forest Preserve, or another government authority located in Elmira, New York, is seeking a qualified vendor to provide Section 457 deferred compensation plan services. The agency is establishing this plan to offer eligible employees a convenient method for building a long-term retirement program. Through this initiative, the agency aims to encourage broad-based participation in retirement savings among its workforce. The scope of work requires the selected provider to deliver comprehensive administration and management services for the deferred compensation plan. Performance of these services will take place through a combination of onsite activities in Elmira and offsite operations. Bidders must be organizations based in the United States to meet the eligibility requirements for this opportunity. The agency is currently accepting proposals to determine the budget and cost structure for these services. Interested parties must submit their proposals digitally, either via email or through the designated online portal. The agency has not specified formal evaluation criteria or key milestone dates in the initial announcement.