457(B) Deferred Compensation Plan Retirement Plan Record Keeping Services

The Pierce County government authority in Tacoma, Washington is seeking a vendor to provide comprehensive 457(B) deferred compensation plan retirement plan recordkeeping services. This initiative aims to establish a robust framework for plan setup, transition, and ongoing administration. The selected partner will resolve the challenge of migrating historical data by managing data mapping, conversion, and reconciliation from the prior recordkeeper. The scope of work covers participant recordkeeping, eligibility tracking, and account maintenance for new and existing participants. The agency requires support for payroll and contribution processing across multiple payroll frequencies and sources, including regular and ad-hoc payroll files. Additionally, the project encompasses investment administration, trust or custody services, compliance support, regulatory testing, and participant transaction services. The chosen provider must deliver plan sponsor services, governance support, reporting, and communication programs focused on education, engagement, and financial wellness. Bidders must be onshore organizations based in the United States to be eligible for this contract. The agency expects the performance of all work to occur offsite. The agency is soliciting proposals to determine the budget for this initiative. Interested parties must submit all questions regarding this opportunity no later than July 10, 2026. Bidders may submit their final responses digitally via email or through the designated online portal.