Description
The City of Mesa is seeking a single experienced vendor to provide comprehensive record‑keeping, administration, and participant‑service solutions for its Fire & Medical Department’s 401(a) Money‑Purchase Pension Plan and 457(b) Deferred Compensation Plan. The contract will run for five years with the option to renew for up to two additional years, and the vendor must deliver transition services, ongoing plan administration, education, communication, cyber‑security compliance, and full fiduciary support without subcontracting core functions. The solicitation emphasizes experience with non‑ERISA governmental plans, bundled service capability, transparent fee structures, and required insurance and compliance certifications.
• Scope includes daily record‑keeping, participant data management, compliance reporting, QDROs, distributions, loan administration, and education sessions (minimum four in‑person days per year).
• Vendor must supply asset‑based and per‑participant fee proposals, meet strict insurance and SSAE/SOC‑2 controls, and demonstrate at least ten years of relevant experience with comparable public‑sector plans.
• All proposals must be submitted electronically by 3 PM on 13 Nov 2023; questions are due by 19 Oct 2023.