Deferred Compensation Plan and Retirement Health Saving Services

The Village of Mount Prospect, Illinois is seeking a vendor to provide deferred compensation plan and retirement health saving services. The Village currently employs approximately 330 employees who have the opportunity to defer a portion of their compensation into a 457b plan. The existing plans also include former employees who have maintained their deferred compensation in the plan after terminating their employment. The scope of work requires managing these retirement services, which the Village currently offers to employees through Nationwide and Mission Square Retirement. The selected vendor must perform all work offsite at their own office premises. The buyer requires that the bidding organization be located onshore within the United States. The Village is looking for proposals to determine the budget for this project. Specific evaluation criteria, key dates, and the full scope details are contained in the main request for proposal document, which requires an additional payment of five dollars to obtain from the contracting authority.