Administration Services Def Contrib (401a) & Defer Comp (457) Plans

The City of West Palm Beach awarded a contract to provide comprehensive administration services for its defined contribution (401a) and deferred compensation (457) retirement plans. The scope includes record‑keeping, investment management, trust compliance, employee communications, and investment education to support city employees’ retirement benefits. This work is essential for ensuring regulatory compliance, accurate accounting of contributions, and effective communication of plan options to the workforce. • Core services: plan record‑keeping, investment selection oversight, and fiduciary compliance. • Employee‑focused deliverables: communications, education sessions, and ongoing support. • Managed under a municipal procurement process, with the award announced after a closed bidding period on 2 January 2025.