Deferred Compensation Services for Chesterfield County (Request for Proposal)

Provide initial implementation services upon award of the contract with contributions going to the new contractor on the targeted implementation date of January 1, 2025. The Contractor must provide all requested advice and counsel to the County during the period before the contract effective date. The Contractor must also prepare a detailed implementation plan outlining all the steps necessary to securely set up member data records, create secure interfaces with the County and establish secure enrollment and reconciliation procedures for data and trust/custody/investment accounts. The Contractor should design and maintain a secure website for the Plan. Design a customized communication campaign for the Plan that will result in effective and attractive Plan educational materials. The Contractor must maintain records providing daily information associated with an individual’s account, including, but not limited to: investment balances, salary deferral amount, contributions (regular and catch-up), distributions, rollovers, earnings, administrative fees, work location, address, and any other information necessary for the proper administration of a participant’s account.