Project Information

Bid Title

SECTION 457(B) DEFERRED COMPENSATION PLAN RETIREMENT PLAN RECORD KEEPING SERVICES

Issuing Agency

Pierce County

Location

Washington

Published Date

Jun 28, 2026

Closing Date

Jul 22, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Project ID:

Title: SECTION 457(B) DEFERRED COMPENSATION PLAN RETIREMENT PLAN RECORD KEEPING SERVICES

Addenda: 0

Release Date: 6/26/2026

Due Date: 7/22/2026

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SECTION 457(B) DEFERRED COMPENSATION PLAN RETIREMENT PLAN RECORD KEEPING SERVICES

Request For Proposal

Procurement and Contract Services

Project ID: 2026-RFP-156

Release Date: Friday, June 26, 2026

· Due Date: Wednesday, July 22, 2026 4:00pm

Posted Friday, June 26, 2026 8:00am

All dates & times in Pacific Time

Draft Response No Bid

Time Remaining: 23 days, 21 hours, 29 minutes

Post Information

Posted At:Fri, Jun 26, 2026 8:00 AM
Sealed Bid Process:Yes (Bids Sealed / Pricing Sealed)
Private Bid:No

Overview

Summary

Pierce County, Washington (hereinafter “County” or “Plan Sponsor”) is soliciting proposals from qualified firms (hereinafter “Proposing Firm(s)” or “Firm(s)”) to provide retirement plan administrative services such as recordkeeping, education, communications, and investment-related services for its current 457(b) deferred compensation plan (hereinafter “Plan”).

Background

The County is a public agency with approximately 3,200 employees eligible for the Plan. Employees are paid bi-weekly through one centralized payroll system for a total of 26 pay periods annually. The County uses Workday for its payroll administration system. All active full-time County employees participate in the Public Employees’ Retirement System administered by the Washington Department of Retirement Systems. There are approximately 50 separate locations/buildings located throughout the County. Regarding employee outreach, it would be expected that a record keeper representative visit each of the County worksites as part of their initial and ongoing participant education efforts. This last point is important to the Committee and participants; on-site participant representative(s) delivering education and other services in-person are highly valued.

The County currently uses Nationwide to provide basic administration, enrollment, participant communication and education, investment management and record keeping services for the Plan and its participants. As of March 31, 2026, there was approximately $350 million in the Plan.

Timeline

Proposal Release Date:

June 26, 2026

Question Submission & Concern Resolution Request Deadline:

July 10, 2026, 4:00pm

Proposal Submission Deadline:

July 22, 2026, 4:00pm

Estimated Date of Contract Execution:

September 2026

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services
• NAICS 541612Human Resources Consulting Services

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