Contract No. 19047 - Plan Administration and Recordkeeping Services for the Lake County Supplemental Deferred Compensation Plan under IRC 457(b)

Lake County currently has a contract for these services that is set to expire in September 2019 and there is a need for the County to competitively procure these services by issuing a RFP.

Lake County is issuing this Request for Proposal (“RFP”) to procure full service recordkeeping, custodial, and administration services for their supplemental deferred compensation plan under IRC Section 457(b).

The 457(b) plan is intended to supplement the retirement income needs of those employed by the County. The County currently uses a sole provider to administer the plan. The successful partner shall be able to administer the plan in accordance with the plan documents and applicable regulations, provide superior participant education services and exhibit a flexibility to meet the Plan's current and future needs.