457(b) Deferred Compensation Plan, Recordkeeping and Administration

Background

The City of Lubbock, TX is seeking a contractor to provide a bundled structure for the 457(b) Deferred Compensation Plan. The goal of this contract is to ensure comprehensive recordkeeping, administrative, education, and compliance services are provided, along with independent consulting and investment fiduciary services.

Work Details

The contractor will be responsible for delivering the following services:

Recordkeeping for the 457(b) Deferred Compensation Plan

- Administrative support - Educational resources for plan participants - Compliance services to ensure adherence to regulations - Independent consulting on investment fiduciary matters. The proposal should demonstrate the ability to manage these services effectively.

Period of Performance

The specific period of performance has not been detailed in the solicitation; however, it typically spans multiple years depending on the contract terms.

Place of Performance

The services will be performed in Lubbock, Texas.

Bidder Requirements

Bidders must provide references from three current customers who can verify the quality of service offered by their company. The City prefers references from customers of similar size and scope of work. Additionally, bidders must complete a business questionnaire detailing their business type, years in operation, and any legal or financial issues that may affect their eligibility.