Texas DIR/ESBD #403b2601

403(b) Retirement Plan Administration Services for Head Start of Greater Dallas, Inc.

Head Start of Greater Dallas, Inc., a nonprofit organization serving 687 employees, is seeking proposals for comprehensive administration of its $15.1 million 403(b) retirement plan. - Government Buyer: - Head Start of Greater Dallas, Inc. - Purchasing Director: Cecil Rouze - Services Requested: - Administration of a 403(b) retirement plan for 687 employees - Plan management, recordkeeping, and document services - Investment products and education/advice - Loan provisions and full fee disclosure - Compliance with DOL, ERISA, and IRS regulations - 50% employer match on employee contributions up to 6% - Requirements: - Respondents must be licensed financial institutions or plan managers with proven experience in employer-sponsored 403(b) plans for nonprofits - Must hold all required Texas licenses - Strict compliance and reporting standards - Contract Details: - Five-year base term with options for four additional one-year extensions (up to nine years total) - Timeline for plan changeover and regular plan reviews - No specific OEMs or vendors are named in the solicitation.

Description

This solicitation seeks an experienced and licensed financial management institution or plan manager to administer 403(b) retirement plans for non-profit organizations. The contract involves providing services and duties as outlined in the RFP for 687 employees of Head Start Greater Dallas, Inc. The project aims to award a five-year contract to manage a 15.1 million dollar 403(b) retirement plan. The solicitation includes a pre-proposal conference and requires compliance with DOL, ERISA, and IRS regulations.

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