Deferred Compensation Plan Provider Services

The government authority in Gilbert, Arizona seeks a vendor to provide deferred compensation plan provider services for a one-year contract period. The selected provider will serve as the resource for employee education, financial guidance, and account establishment. Specific duties include explaining the Special Pay Buyback program, Health Reimbursement Arrangement (HRA) options, and 403(b) options, detailing the features, benefits, limitations, fees, and risks of each choice. For employees selecting the 403(b) option, the provider must guide them through investment choices, tax advantages, contribution limits, distribution rules, and complete the account-opening process. The district and designated plan administrator retain responsibility for plan administration, eligibility, buyback calculations, and payroll matters. To qualify, vendors must perform the offsite work onshore within the United States. The buyer requests proposals for the budget, and bidders may submit responses digitally via email or online. Bidders must submit all questions no later than September 17, 2026.