RFP 26-011-67 Questions and Answers No. 1

The Shelby County Government is seeking a vendor to provide Deferred Compensation Plan Administration services. The plan is currently administered by Empower, and the new vendor will be expected to provide similar services, including recordkeeping, financial education, and investment management. The contract term is for three years, with one optional one-year renewal. The vendor will be expected to provide quarterly meetings regarding the County's plan performance and to comply with various security and breach-notification policies. Some key points to consider include: • The plan has approximately $159,985,474 in assets and 1770 active participants with a balance. • The vendor will be expected to provide a sample contract and to comply with various security and breach-notification policies. • The County is seeking a vendor that can provide high-quality services, including recordkeeping, financial education, and investment management. • The vendor will be expected to work closely with the County's purchasing department and to provide quarterly meetings regarding the County's plan performance.