Fiduciary Services for Deferred Compensation Consulting Services

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Title:  

Fiduciary Services for Deferred Compensation Consulting Services

Agency:  

Seminole County

State:  

Florida

NAICS Code:  

523930

Industry:  

Financial Services

Solicitation Type:  

Request for Proposal

Solicitation ID:  

RFP-604926-25/LNF

Open Date:  

3/19/2025

Questions Due Date:  

4/7/2025

Close Date:  

4/30/2025

Last Updated:  

4/30/2025

Description:
Seminole County is seeking a consultant to evaluate the performance and cost of investment options offered to participants in the Deferred Compensation Program (DCP) and present a report to the Deferred Compensation Plan Review Committee on an annual basis. The consultant will also provide general consultation services regarding Section 457(b) Deferred Compensation Plan compliance and fiduciary duties. The scope of work includes providing at least annual written and oral reports, reviewing investment options, and providing recommendations for alternatives. The consultant will also meet quarterly with the Deferred Compensation Review Committee to review investment product performance and provide a financial wellness program initiative for plan participants. Some key aspects of the job include: • Evaluating the performance and cost of investment options • Providing general consultation services regarding Section 457(b) Deferred Compensation Plan compliance and fiduciary duties • Meeting quarterly with the Deferred Compensation Review Committee • Providing a financial wellness program initiative for plan participants • Reviewing and analyzing investment options and providing recommendations The ideal consultant will have experience in providing fiduciary services for deferred compensation consulting and will be able to provide high-quality services to the County.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Leticia Figueroa(Senior Procurement Analyst)

lfigueroa@seminolecountyfl.gov

(407) 665-7119

Budget Estimate (AI):

$50,000 – $200,000

The budget for this opportunity is likely to be in the range of $50,000 to $200,000 per year, based on the scope of work and the fact that the consultant will be providing ongoing services to the County. The actual budget will depend on the specific services provided and the fees negotiated with the County. Factors that may influence the budget include the level of expertise required, the complexity of the services, and the market rates for similar services.

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