Utah Public Procurement Place U3P #BESD-005-04012026

Box Elder School District Seeks Third-Party Administration for 403(b) and 457 Retirement Plans

Box Elder School District (BESD) in Utah is seeking a qualified provider for third-party administration of its 403(b) and 457 employee retirement plans. - Government Buyer: - Box Elder School District (BESD), Utah - Procurement managed in accordance with State of Utah terms and conditions - Services Requested: - Comprehensive third-party administration of BESD's 403(b) and 457 retirement portfolios - Includes management of employee contributions, investment management, recordkeeping, compliance, employee communication and education, enrollment services, trustee/custodial services, and transition support - Administration of the Separation Pay Plan - Plan Details: - 94 active participants in the 403(b) plan ($5.14 million in assets) - 42 active participants in the Separation Pay Plan ($977,493 in assets) - Notable Requirements: - Provider must have extensive K-12 recordkeeping experience - Local, in-person support is mandatory - Strict compliance with all applicable state and federal laws, including Utah procurement codes - All pricing must be guaranteed for the contract term - No specific OEMs or named vendors are identified in the solicitation - No physical products are being procured; this is a service contract

Description

Box Elder School District (BESD) is seeking proposals for third-party administration services for its 403(b) retirement plans. The district offers multiple retirement plans including 403(b), 401(k), Roth IRA, and 457 plans, with the 403(b) plan currently managed by a third-party administrator. The goal is to partner with a 403(b) provider to handle all employee contributions and the Separation Pay Plan to maximize purchasing power and efficiency. Proposals are due by May 1, 2026, with questions due by April 22, 2026.

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