Deferred Compensation Recordkeeper

This contract seeks to establish a service agreement with a vendor to manage and support retirement plan operations for eligible participants and County staff in California. The selected vendor will be responsible for a broad range of services including setting up the plan, transitioning participants, ongoing administration, maintaining participant records, processing payroll contributions, and managing investments and custody arrangements. Additionally, the services include ensuring regulatory compliance, conducting testing, providing regular updates, and offering customer support through a participant service center. The contract also emphasizes plan sponsor services such as governance support, reporting, and communication efforts aimed at participant education, engagement, and financial wellness. The solicitation is managed by the Central Purchasing office in Santa Cruz, California, with submissions due by June 20, 2026. The primary point of contact is Akinola Oshodi, who is available for inquiries regarding the solicitation. This agreement is essential for streamlining retirement plan operations and enhancing service delivery to County employees.