(1) Vendor needs to provide investment products and services, record keeping and other plan services to the government authority located in New York.– Employee Communication and Education of Prospective Plan Participants– The investment principles of a government 457(b) plan including diversification, asset allocation, time–horizon planning, risk reward ratio, its products and the effect of the participation in the plan.– Designing, printing and distributing at its own expense all explanatory brochures, subject to prior approval– Providing properly trained and licensed dedicated field service representatives who will explain the Plan to employees, individually and in groups, and who will be accessible to employees to enroll new Plan Participants.– Providing Plan Participant communications and webinars, which should include an interactive plan–participant webpage and mobile application.– Providing a company website for the board and plan administrator to access (“plan sponsor website”) and a company website for the plan participants to access– Providing company logo, graphics, and materials in electronic format as required for inclusion in board publications and on the county deferred compensation website– Plan Administration, Accounting, and Reporting:– The timely investment of Plan Participants’ contributions in accordance with their instructions– Furnishing each Plan Participant with a written confirmation for each transaction performed– Maintaining all records pertaining to Plan Participant accounts, including records regarding contributions, earnings, loan information, administrative costs, authorizations (such as distribution date election and payout method election), address, beneficiary designation and such other records as they relate to the proper administration of each Plan Participant’s account– Investment Products and Services– Equity Funds to include Growth Fund, Value Fund, Blend Fund, Large Cap Fund,(2) All questions must be submitted no later than February 29, 2024.
↧