RFP No. 2026-09-01 - Retirement Plan Administration and Record Keeping Services

Yakima County is seeking qualified firms to provide comprehensive retirement‑plan administration and record‑keeping services for its two 457(b) Deferred Compensation Plans (Empower and Nationwide). The scope includes participant education, communications, investment‑menu design, online transaction capabilities, fee‑structure analysis, and ongoing fiduciary support. Firms must have at least five years’ experience with governmental 457(b) plans and be the sole provider for three plans with a minimum of $50 M in assets each. The contract term will be negotiated (options of 5, 7, 10 years) and will cover all administrative, investment‑related, and participant‑service functions, including optional self‑directed brokerage and managed‑account offerings. Proposals are due electronically by 2 PM PT on 29 Oct 2026; questions must be submitted by 8 Oct 2026.