Recordkeeping and Investment Custodial Services for 403(b) and 457(b) Retirement Plans

Washington County Public Schools awarded a multi‑vendor contract to provide comprehensive recordkeeping and investment custodial services for its 403(b) and 457(b) retirement plans. The award covers the administration of participant data, processing of contributions and distributions, compliance reporting, investment monitoring, and participant communications. This contract ensures that the district’s retirement assets are managed in accordance with fiduciary standards and regulatory requirements. • Services include custodial safekeeping of plan assets, detailed record maintenance, and transaction processing. • Vendors are responsible for regulatory compliance reporting (e.g., IRS Form 5500) and participant communication. • The partnership leverages the expertise of four major financial service firms to diversify service capabilities and risk.