457(b) Deferred Compensation and Roth Plan Services

The Texas government authority requires a single vendor to provide 457(b) deferred compensation and Roth plan services for a one-year contract. The buyer seeks to consolidate three existing providers into one recordkeeper to streamline administration, reduce fees, and improve participant experiences. The selected vendor must establish an open architecture investment menu aligned with fiduciary standards and manage administrative processes, including loan approvals, QDROs, employee inquiries, and plan transactions. Additionally, the vendor must drive employee engagement, plan participation, and long-term retirement readiness through one-on-one meetings, group presentations, and financial wellness tools. Eligible bidders must be USA onshore organizations. The vendor will perform the work offsite. Bidders can submit proposals digitally via email or online, and the buyer is actively seeking budget proposals.