RFP 26-4771 to provide Tax Deferred Annuity Program Services

The University of Hawaii is seeking a contractor to assist in the administration and compliance of its Tax Deferred Annuity (TDA) program. The program is a voluntary supplemental retirement income investment program for university employees. The contractor will be responsible for tasks such as compliance and monitoring, contribution administration, web access, and providing a customer service center. The contract is expected to last for 5 years. • The contractor will assist the university in complying with federal laws and regulations. • The contractor will monitor employees' year-to-date contributions and ensure that a cancellation of salary reduction agreement form is processed to prevent the employee from exceeding their maximum allowable contribution limit. • The contractor will provide a web-based employee self-service information system and on-line salary reduction agreement for 403(b) and 403(b)7 documents and information. • The contractor will provide a customer service center and (800) toll-free lines with representatives who can advise TDA participants. • The contractor will provide reports to participants, the university, and government agencies.