This Solicitation opportunity from Texas was posted on November 22, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
403(b) Record Keeper
Contract Overview
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Collin College is inviting proposals for the management and administrative oversight of its voluntary 403(b) plan, known as the Collin Invests Enhanced Retirement Savings Plan. This plan offers a significant incentive by providing a 100% match on the first 4% of contributions made by eligible full-time employees. It is part of a broader retirement savings framework that also includes the Teacher Retirement System and Optional Retirement Program available to the college’s full-time faculty and staff. All employees, except student workers, are eligible for this voluntary plan, reflecting the college's commitment to facilitating diverse retirement savings options for its workforce. The role of the selected recordkeeper will be critical in maintaining efficient operation of the plan. Responsibilities include managing participant accounts, overseeing contributions and distributions, ensuring compliance with relevant regulations, and offering customer service. Regular reports on the performance of the plan and participant activities are expected to be delivered to Collin College to facilitate ongoing assessment and improvement. The contract, estimated to be valued between $500,000 and $2,000,000, is scheduled to commence in the latter half of 2025, with services being provided in Collin County, Texas. The proposal process is managed by Collin County Community College District, with due submissions expected by December 18, 2024.
General Info
Place of Performance
TX, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
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