Employee Benefit Administration Firms, Financial Institutions, Third-Party Administrators and Retirement Plan Service

The government authority in Springfield, IL seeks qualified employee benefit administration firms, financial institutions, third-party administrators, and retirement plan service providers. The buyer requires comprehensive administration, recordkeeping, participant services, compliance support, and related services for its employee benefit programs. Requested scope encompasses a 401(a) defined contribution retirement plan, a 457(b) deferred compensation plan, a Section 125 cafeteria plan, health reimbursement account processing, flexible spending account processing, and dependent care assistance plan processing. Specific duties include contribution processing, vesting administration, investment platform management, fiduciary support, payroll integration, and distribution processing. The contract spans a three-year period. Vendors must perform all work offsite and maintain onshore operations within the United States. The buyer asks bidders to submit proposals regarding the budget. The provided text contains no further details regarding evaluation criteria or key dates.