Consultant Services for Deferred Compensation Plan

This contract is for consultant services for the City of Peoria's deferred compensation plan. The services include general plan consulting, contract administrative services, investment policy and fund searches, investment review services, RFP development process and contract negotiations, and post-selection contractor transition services. The contract has a term of 9 years, with an initial term of 2 years and 7 optional extensions of 1 year each. The contract value is estimated to be around $380,000 per year. • The contract includes a detailed scope of work that outlines the specific services to be provided by the consultant. • The contract also includes a fee schedule that outlines the costs for each service. • The contract has a renewal option, which allows the City of Peoria to extend the contract for an additional term. • The contract includes a termination clause, which allows either party to terminate the contract with written notice. • The contract also includes a dispute resolution clause, which outlines the process for resolving disputes between the parties.