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25-008-LH Macon-Bibb Couinty 457 (b) and 401 (a) Plans

ID: 61100 MACON PE-61100-NONST-2025-000000029 • State: Georgia
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Description

Invitation Notice is hereby given that Macon-Bibb County will receive responses to the Request for Proposal (original plus 5 copies and Flash Drive) in the Procurement Department, 700 Poplar Street, suite 308, Macon, Georgia 31201, until 12:00 o'clock NOON at the time legally prevailing in Macon, Georgia on Thursday, October 10, 2024, for Macon-Bibb County Compensation Plans. NO LATE RESPONSES WILL BE CONSIDERED The names of responding firms will be publicly read on Thursday, October 10, 2024, at 2:00 P.M. in the Macon-Bibb County Procurement Department Conference Room, located on the 3rd Floor of City Hall at 700 Poplar Street, suite 308, Macon, Georgia 31201. Definitions Wherever the term Owner, County, or Macon-Bibb County occur in this document, it shall mean Macon-Bibb County, a political subdivision of the State of Georgia acting through the Macon-Bibb County Board of Commissioners. Solicitation Documents Announcement of this Request for Professional Services may also be posted on the Macon-Bibb County website at www.maconbibb.us/purchasing and on the Georgia Procurement Registry website https://ssl.doas.state.ga.us/PRSapp/PR index.jsp Submittals Responses must be sealed and identified on the outside of the package as and delivered to 25-008-LH Macon-Bibb County 457 & 401a Plans Macon-Bibb County Procurement Department 700 Poplar Street, Suite 308 Macon, Georgia 31201 Telephone: (478) 803-0550
Background
Macon-Bibb County, Georgia, offers its employees a 457(b) Deferred Compensation Plan to supplement their Pension Plan Benefits. The county also provides a 401(a) plan that includes mandatory employee contributions and employer matching.

As of March 31, 2024, the 401(a) plan has an overall value of $4,172,333 with 881 participants, while the 457(b) plan has a value of $46,040,870 with 1,660 participants. The county seeks proposals from qualified firms to provide comprehensive services for these plans.

Work Details
The selected firm will provide bundled administrative services including custodial trustee services, recordkeeping, participant education, enrollment support, and regulatory compliance for the 457(b) and 401(a) plans.

The RFP emphasizes controlling participant expenses, enhancing the participant experience, and maintaining a best-in-class investment offering. Proposals must demonstrate experience in managing similar plans and providing comprehensive participant planning tools and education.

Period of Performance
The contract period will commence upon selection of the vendor with an expected conversion date of January 3, 2025.

Place of Performance
Services will be performed at Macon-Bibb County Procurement Department located at 700 Poplar Street, Suite 308, Macon, Georgia.

Overview

Opportunity Type
Non-State Agency
Opportunity ID
61100 MACON PE-61100-NONST-2025-000000029
Version
1
Response Deadline
Oct. 17, 2024 Past Due
Date Posted
Aug. 20, 2024
Est. Value Range
Experimental
$500,000 - $2,000,000 (AI estimate)
Agency Distribution
High
Source
On 8/20/24 MACON BIBB COUNTY BOARD OF COMMISSIONERS in Georgia issued Non-State Agency 25-008-LH Macon-Bibb Couinty 457 (b) and 401 (a) Plans with ID 61100 MACON PE-61100-NONST-2025-000000029 due 10/17/24.

Contacts

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Documents

Posted documents for 25-008-LH Macon-Bibb Couinty 457 (b) and 401 (a) Plans

Additional Details

Agency Site
Purchase Type
Non-State Agency

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