2-RFQ Sec4. Scope of Work.pdf
PDF 103 KB Posted
- Attached to
- 403(b) Employee Education Services
- Solicitation number
- 25-2-13601
- Issued by
- Lasalle County, Illinois
About this file
The document is a Scope of Work for the Agency for Community Transit (ACT) 403(b) Employee Education Services contract, solicitation number 25-2-13601. The contract requires a broker to provide comprehensive 403(b) plan educational and administrative services, including conducting one-on-one participant investment consultations, annual education/plan update meetings, participating in Investment Committee Plan Review meetings, assisting with plan provider/platform selection, and communicating with the plan's third-party administrator and investment consultant throughout the plan year.
The contract has a total compensation not-to-exceed amount of $250,000, with the owner's 403(b) plan having an approximate balance of $20,000,000 as of June 30, 2025. The contractor will be allowed up to one week of use of the owner's conference room for annual on-site participant educational sessions, with additional meeting facilities available throughout the year. Key contract stipulations include no subcontracting allowed, all services must be performed by qualified personnel subject to owner approval, and cost principles established by 2 CFR 200 Subpart E will apply to the contract.
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Text version
Agency for Community Transit ACT 403(b) Employee Education Services No. 25-2-13601
SECTION 4. Scope of Work
4.1 Overview
The Contractor shall provide all resources including, but not limited to, personnel, management, supplies, services, materials, equipment, facilities and transportation necessary to provide the professional services as specified.
4.2 Plan Balance
The Owner’s 403(b) Plan has an approximate balance of $20,000,000 as of June 30, 2025.
4.3 Budget and Cost Principles
The total compensation payable under this Contract shall not exceed $250,000. Any expenditures, commitments, or obligations by the Contractor in excess of this amount shall be made at the Contractor’s sole risk and expense. The Contractor shall not be entitled to any additional payment beyond the not-to-exceed amount without the prior written authorization of the Owner.
The cost principles established by 2 CFR 200 Subpart E apply to this contract.
4.4 Use of Owner’s Facilities
The Contractor will be allowed up to one week use of the Owner’s conference room for annual on-site participant educational sessions. Facilities will be made reasonably available for additional meetings throughout the year.
4.5 Broker Services
The annual broker services shall consist of:
a) Conducting one-on-one participant investment education/consultation meeting(s)
b) Conducting annual education/plan update meetings
c) Participate in periodic Investment Committee Plan Review meetings
d) Assist Committee with the selection of the Plan provider/platform
e) Communicate with Plan’s Third-Party Administrator firm and Investment Consultant firm throughout the Plan Year as requested by Owner’s personnel
4.6 Presentation Materials
An advance copy of the presentation for annual education/plan update meetings to be reviewed and discussed with the Owner’s personnel not less than one week prior to the annual meetings.
4.7 Contractor’s Personnel
All of the services required in this Contract shall be performed by the Contractor or under its supervision and all personnel engaged in the work shall be fully qualified and authorized under federal, state and local law to perform such services. Any change in the key personnel, as described in the Contractor’s Technical Response, shall be subject to the written approval of the Owner; such approval shall not be unreasonably withheld. The Owner reserves the right to require the Contractor to remove any personnel for failure to provide service satisfactory to the Owner.
4.8 Subcontracting
Subcontracting is not allowed.
| SECTION 4. Scope of Work |
| 1. |
| 2. |
| 3. |
| 4. |
| 4.1 Overview |
| 4.2 Plan Balance |
| 4.3 Budget and Cost Principles |
| 4.4 Use of Owner’s Facilities |
| 4.5 Broker Services |
| 4.6 Presentation Materials |
| 4.7 Contractor’s Personnel |
| 4.8 Subcontracting |
File details come from the government source that posted it. Updated .