New York State Contract Reporter #RFP-2879

Chemung County Solicits Section 457 Deferred Compensation Plan Administration Services

Chemung County is seeking a provider to administer and support its Section 457 Deferred Compensation Plan for county employees. - Government Buyer: - Chemung County Purchasing Department (Elmira, NY) - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Products/Services Requested: - Administration and management of a Section 457 Deferred Compensation Plan - Participant communication and support services - Plan management and compliance support - Unique or Notable Requirements: - Proposals must be submitted electronically via the Empire State Bid System - Official bid documents must be obtained through the specified procurement portal - Five-year contract term - The plan is intended to encourage broad-based employee participation and provide a convenient, long-term retirement savings option - No prior awards for similar contracts are listed within the past five years

Description

This solicitation is for a deferred compensation plan aimed at providing eligible employees with a convenient way to save for long-term retirement. The plan encourages broad-based participation among employees. The contract term is 5 years and is issued by Chemung County's Purchasing Department. Proposals must be submitted electronically by July 10, 2026, at 1:30 PM.

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