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RFP - Retirement Plan Consulting Services
Bid/RFP Status:
Open - accepting bids and proposals
Bid/RFP Due Date:
Wednesday, May 29, 2024 - 5:00pm
Bid/RFP Reference Number:
0000351276
The City desires to contract with an outside vendor to provide retirement plan consulting services for the City’s 401(a) money purchase plans, 457 defined contribution plans, and Roth IRA Plan. The aim of this Request for Proposals (RFP) is to invite submissions from qualified and experienced retirement planning brokers or consulting groups to:
-Assess the current retirement plans for the City of Fruita,
-Make recommendations to existing retirement plans or establish new plans,
-Administer retirement plan and educate employees.
Priorities for the City of Fruita through this RFP are:
- Identify a firm that will provide excellent customer service to Fruita employees.
- To be good stewards of public funds.
- Help with retention of talent through providing plans that employees feel are valuable
- Get competitive pricing, and ensure compliance with rules and requirements of the plans.
The City of Fruita has approximately 86 actively employed, benefit eligible employees. Regular (non-temporary) employees are eligible for benefits on the first day of the month following their hire date.
All proposals shall be submitted and received no later than 5:00 p.m. (MDT) on Wednesday, May 29, 2024.
Electronic proposals will be accepted through the Rocky Mountain E-Purchasing System (RMEPS). https://www.bidnetdirect.com/colorado. (Purchasing Representative does not have access or control of the vendor side of RMEPS. If website or other problems arise during response submission, vendor MUST contact RMEPS to resolve the issue prior to the response deadline. 800-835-4603). Proposals may also be emailed to MacKenzie Erickson, Procurement and Contracts Specialist, at merickson@fruita.org.
Please Note: This Addendum #1 is hereby issued to supplement the Request for Proposal for Retirement Plan Consulting Services with answers to questions received prior to the deadline. All firms must acknowledge receipt of this addenda and any other future addenda as part their proposal.
