Texas DIR/ESBD #2026-10072026

Brookside Village seeks a full-service 457(b) plan administrator and service provider

The City of Brookside Village is seeking a full-service provider for its governmental 457(b) deferred compensation plan. - Buyer: City of Brookside Village, Texas, Office of the City Secretary. - Requested services: Plan administration, recordkeeping, trustee/custodial and investment-platform services, payroll integration, participant transactions and distributions, technology, reporting, and implementation or conversion support. - Participant and fiduciary support: Investment-menu and QDIA options, participant education and advice, plan compliance assistance, fiduciary-process support, audits, and Council reporting. - Requirements: Standardized, transparent fee disclosures; fees guaranteed for the initial term; open architecture; low participant costs; cybersecurity; and flexible conversion and termination terms. The City prioritizes providers experienced with small municipalities. - Future capability: The provider must be able to administer employer contributions and an optional companion 401(a) money-purchase arrangement; employer matching contributions are not currently anticipated. - Existing provider: Lincoln Financial is identified as part of the City’s existing retirement-benefit arrangements, not as a prospective proposer. - No specific OEM, product brand, or prospective vendor is identified. Estimated opportunity value is $100,000.

Description

The City of Brookside Village is requesting proposals from qualified firms to serve as third-party administrator, recordkeeper, and service provider for its governmental 457(b) deferred compensation plan. The scope includes plan administration and participant services, with requirements for transparent fees, a standardized fee proposal, an investment menu, education, and technology. The selected provider must comply with applicable federal and Texas requirements, and proposals must be capable of handling employer contributions and a companion 401(a) arrangement if the City chooses to add them. Proposals are due November 4, 2026, at 5:00 p.m. CDT.

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