Sarpy County Ionwave #2027-435

Sarpy County Retirement Plan Recordkeeping Services Solicitation

Sarpy County, Nebraska is seeking a qualified firm to provide recordkeeping services for its 457(b) and 401(a) retirement plans. - Government Buyer: - Sarpy County Purchasing Department - Contact: Dan Huse - Scope of Services: - Recordkeeping for approximately 700 employees and $30 million in plan assets - Consolidation of multiple current recordkeepers into a single platform - Ongoing support for Sarpy County Human Resources - Transition plan for moving all employees to the new platform - Stakeholder communication strategy, including materials preparation, meetings, and enrollment session assistance - Timely response to escalated issues - Proposals should address firm qualifications, technical approach, costs, and potential AI utilization in recordkeeping - Products/Services Requested: - Recordkeeping platform for 457(b) and 401(a) plans - Transition and participant education services - Unique Requirements: - Vendor must consolidate all plan participants under a single recordkeeper - Respondents encouraged to propose enhancements to the scope of work - Electronic submission via Ionwave platform - Contract Details: - Three-year base term with automatic one-year renewals - Pricing updates required 180 days before term end - Termination notice required 120 days prior to term end - No specific OEMs or vendors are named in the solicitation.

Description

Sarpy County is seeking a qualified firm to provide recordkeeping services for its 457(b) and 401(a) retirement plans. The project includes recordkeeping for the county's 401(a) and 457(b) plans, transitioning county participants to a single recordkeeper, and acting as a resource for the Sarpy County Human Resources Office. The county has approximately 700 employees and thirty million dollars in plan assets, currently managed by several recordkeepers. The contract will have a three-year base term with automatic one-year renewals.

View original listing