Deferred Compensation and Defined Contribution Plans

The Arizona Master Agreement ADSPO16-157096 is an Indefinite Delivery Vehicle (IDV) for Deferred Compensation and Defined Contribution Plans administered by the Arizona State Retirement System. The contract enables state and local government entities to access comprehensive retirement plan services, including enrollment, investment option changes, transfers, deferral modifications, contributions, plan benefit payments, loan processing, and member reporting. The IDV provides a robust framework for managing retirement savings with specific performance measures requiring 99% compliance across various service delivery metrics.

The master agreement is awarded to Nationwide Retirement Solutions Inc. and was originally established on January 1, 2017, with multiple subsequent amendments extending the contract through December 31, 2026. The contract covers the state of Arizona and serves public employers, political subdivisions, and related government entities. Nationwide was selected through a competitive evaluation process, scoring highest among four offerors with a comprehensive approach to plan administration and investment fiduciary services. The contract features a fee structure ranging from 0.07% to 0.20% basis points and includes extensive insurance coverage, with professional liability limits of $10,000,000 and additional commercial general liability protection of $5,000,000.