Pierce County Opengov #271981

Pierce County 457(b) Deferred Compensation Plan Administrative Services Solicitation

Pierce County, Washington is seeking proposals for comprehensive administrative services for its 457(b) deferred compensation retirement plan. - Government Buyer: - Pierce County, WA, Procurement and Contract Services - OEMs and Vendors Mentioned: - Nationwide (current provider and potential OEM) - Products/Services Requested: - Retirement plan administrative services, including: - Recordkeeping - Participant education (on-site at ~50 locations) - Communications - Investment-related services - No specific part numbers or product quantities; this is a services-based solicitation - Unique or Notable Requirements: - Emphasis on in-person participant education and outreach - Integration with Workday payroll system - All communications and submissions must be made through the County's eProcurement Portal - Approximately $350 million in plan assets and 3,200 eligible employees - Current provider is Nationwide; no other vendors are named

Description

Pierce County, Washington, is seeking proposals from qualified firms to provide recordkeeping and administrative services for its 457(b) deferred compensation plan. The project aims to enhance participant education, streamline plan administration, and ensure compliance with relevant regulations. The current provider is Nationwide, managing approximately $350 million in assets across 3,200 employees. The procurement process is conducted via Pierce County's eProcurement Portal, with all communications and submissions to be made through this system. The deadline for submission is July 29, 2026.

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