Plans Administration and Record Keeping Services

The State of Nevada is seeking proposals from qualified vendors to provide retirement plan administration, record keeping, education, communications, investment-related, and other services for the Nevada Public Employees Deferred Compensation Program. The selected vendor will be responsible for providing industry-leading retirement plan administration, record keeping, education, communications, investment-related, and other services for the Program. The contract term is expected to be five years, with two options to extend, not to exceed ten years in total. The vendor must have a minimum of five years of experience administering governmental Section 457 deferred compensation plans and must currently provide sole-provider administration to a minimum of three Section 457 deferred compensation retirement plans with an asset size of at least $500 million in each. Some key requirements include: • Providing no less than three fully licensed, on-site service representatives employed by the vendor • Maintaining, at a minimum, the current Service Guarantees as provided in Attachment F • Agreeing to maintain, at a minimum, the current Service Guarantees as provided in Attachment F • Providing a self-directed brokerage option • Accommodating the joint administration of the Plans as applicable • Facilitating appropriate payroll processing, applicable account transfers, and separate record keeping for each of the Plans • Having representatives attend Committee meetings in person as required (no less than quarterly; usually five times a year) • Having knowledge of and complying with all applicable County, State of Nevada, and federal statutes and regulations regarding governmental retirement plans and investment options