Massachusetts Needham Civic Plus #27SCH001G

Third-Party Administration Services for 403(b) Compliance – Massachusetts School Districts

This opportunity involves the Needham Public School District, acting as lead for a group of approximately 40 Massachusetts public school districts, seeking an independent Third-Party Administrator (TPA) for 403(b) compliance program management. - Government Buyer: - Needham Public School District (Town of Needham), Office of the Assistant Superintendent for Finance and Operations - Lead district for a collective purchasing group of ~40 Massachusetts public school districts - OEMs and Vendors: - No specific OEMs or product manufacturers are named; the solicitation is for service providers only - Products/Services Requested: - Independent Third-Party Administration of 403(b) and related tax-deferred investment programs - Services include plan document review, compliance monitoring, employee account administration, communication, auditing, and assistance with federal/state audits - Coverage for approximately 30,000 employees across member districts - Unique or Notable Requirements: - Emphasis on experience with 403(b) administration and IRS regulatory compliance - Strong communication protocols and ability to support multiple districts - No hardware, equipment, or product part numbers requested; services only - Contract may be cancelled with 60 days' notice and is subject to annual appropriations - Place of Performance: - Needham Public School District, 1330 Highland Avenue, Needham, MA 02492

Description

The Needham Public School District, leading a Collective Purchasing Group, is soliciting proposals from qualified independent Third-Party Administrators (TPA) to assist member school districts with implementing and operating their 403(b) and related programs. The contract spans three years from January 1, 2027, to December 31, 2029. Proposal packages are available from the Needham Public Schools office or online starting April 10, 2026, with submissions due by May 11, 2026, at 10:00 AM. The district reserves the right to reject any or all proposals and will award the contract through the School Committee and Superintendent.

View original listing