Utah County Expired/Archived External Purchasing Bids and Request for Price
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Bid No: 2021-11

Bid Name: Retirement Plan Recordkeeper

Open Date - Close Date: 9/1/2021 to 9/30/2021

Awarded Vendor:

Description: Utah County is soliciting proposals from qualified service providers and recordkeepers to provide Plan Administration, Recordkeeping and Participant Education services for 401(k), and 457 retirement and deferred compensation investment plans sponsored by Utah County Government. Utah County seeks a firm that can provide bundled services for a fixed annual fee per account participant for these Plans, which includes maintaining and amending plan documents, trust and custody of funds that will be recommended by an independent investment consultant and selected by the County, recordkeeping plan level and participant level account balances, processing deposits, loans and withdrawals, reporting, and providing website / call center integration for participants and for the County’s Human Resources staff. The County also expects a participant education program utilizing various mediums. It is expected that all investment options will be non-revenue sharing, or if the elected investment option contains any revenue sharing, that all revenue sharing will be credited back to the account of the participant that created the revenue.