RFP 26-011-67 Questions and Answers No. 2

The Shelby County Government is seeking a vendor to administer its deferred compensation plan. The plan has approximately 1,770 active participants with a balance as of September 30, 2025. The vendor will be responsible for managing the plan's assets, including the Putnam Stable Value fund and the Guaranteed Income Fund. The vendor will also be required to provide annual contributions to the Guaranteed Income Fund. The plan's current recordkeeper will be changed, and the new vendor will be responsible for mapping the GoalMaker portfolios to the Vanguard Target Retirement Series. Key points to consider: • The plan has a total of $26 Million in GoalMaker, which includes $5.4 Million of the Guaranteed Income Fund total. • The Putnam Stable Value fund has a crediting rate of 4.09% as of 9-30-2025. • The Guaranteed Income Fund has annual contributions of $1,559,245.55 in 2024 and $1,225,882.04 YTD as of 09-30-2025. • The plan's active participants have an election on file greater than 0%/$0.