Union County Vocational School District Ucnj #RCCP #5-2026

Retirement planning and fiduciary support for Union County’s 457(b) plan

Union County is seeking a retirement planning specialist for its 457(b) Deferred Compensation Plan. - Buyer: County of Union, New Jersey — Department of Finance; Union County Division of Purchasing. - Requested service: Provide fiduciary support and serve as broker and liaison with the plan’s current provider, Empower Retirement. - Plan size: 1,541 participants and $121,980,002 in net assets, as reported in the solicitation. - Key services: Recommend and monitor investment options; review plan performance, fees, and provider service; renegotiate provider fees annually; assist with participant enrollment and retirement questions; provide on-site availability; and conduct at least three educational seminars each year. Bilingual presentations are preferred. - Service commitment and reporting: At least 750 service hours and quarterly activity reports are required. Participant information must be protected. - Pricing cap: All-inclusive proposed fees may not exceed 0.125% of total plan assets. Travel costs are not reimbursed. - Term: Two-year initial term, with options for an additional two years and a final one-year extension.

Description

The County of Union Department of Finance is seeking proposals for retirement planning services through a fair and open competitive contracting process. The request package identifies the scope of work, pricing information, implementation plan, and contract requirements. The initial contract term is January 1, 2027 through December 31, 2028, with an additional 24-month option and a final 12-month option. Proposals are due November 17, 2026, at 11:00 a.m. prevailing time.

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