Deferred Compensation Plan Recordkeeping and Administration Services

The County of Kings is seeking a single provider to deliver comprehensive recordkeeping, administration, investment management, and participant‑education services for its 457(b) Deferred Compensation Plan and related sub‑plans. The contract will cover approximately 1,600 eligible employees, 1,218 active participants, and $68 million in assets. Services include: • Full plan recordkeeping and administration, including emergency withdrawals, DROs, loans, and death‑benefit claims. • Management of existing investment options, including a stable‑value fund and brokerage accounts, with scenarios for capital‑preservation fund transitions. • Delivery of education programs, local advisor support, webinars, and customized participant website. • Annual administrative expense allowance of $40,000 and performance‑at‑risk commitments. • A seven‑year contract term (renewable up to ten years) with detailed reporting, cybersecurity questionnaires, and compliance requirements.