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Awarded contract·County of Fresno, Department of Human Resources·California

Deferred Compensation Administrative, Recordkeeping and Participant Education Services

Won by Nationwide Retirement Solutions$75kSingle Award
Contract source

Awarded vendors

  • Nationwide Retirement Solutions

Description

The County of Fresno is seeking a vendor to provide administrative, recordkeeping, and participant education services for its 457(b) Deferred Compensation Plan. The contract involves a three-year service agreement with two one-year renewals. The selected vendor, Nationwide Retirement Solutions, will provide services such as recordkeeping, administration, and education to plan participants. The contract also involves investment management and trust/custody services. The County of Fresno is looking for a vendor that can provide competitive fees and dedicated service to its plan participants.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
525110
Solicitation №
19-071

Contract value

$75,000

The contract value can be estimated based on the fee quote provided by Nationwide Retirement Solutions, which is 0.10% of assets. However, the total assets under management are not explicitly stated in the contract document. Assuming an average asset balance of $50,000 per participant and 500 participants, the total assets under management would be approximately $25 million. Using the fee quote, the annual contract value would be $25,000 (0.10% of $25 million). Over a three-year contract period, the total contract value would be approximately $75,000.

AI estimate from the award documents

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