(1) Vendor needs to provide recordkeeping and administration services to the government authority located in California.– Respondents should review the current plan document in the Attachments and confirm they can record keep all current provisions.– The structure of the administrative and recordkeeping costs of this plan should be on a “revenue neutral” or “revenue equalization” basis whereby participants pay plan costs on a pro–rata or per–capita basis and the lowest cost share class of investment options are utilized.– Any revenue sharing from the investments should be credited back to the participant. Plan pricing should be maintained as fixed a per participant hard dollar fee.(2) All the questions must be submitted no later than April 22, 2024.
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