Contract%20Attachment%201%20(Part%203)%20TN%20ORP%20Amdt%202%20-%20FINAL.pdf

This is Amendment 2 (final) to a contract attachment for the State of Tennessee's Optional Retirement Program (ORP) and Public Higher Education 403(b) Plans recordkeeping, administration, and investment options services. The amendment, dated April 14, 2025, modifies the terms of the existing contract governing recordkeeping and administrative services for the state's retirement plans. The document establishes the framework for service delivery, performance standards, and operational requirements that the selected vendor must meet in administering these retirement benefit programs for Tennessee's public higher education institutions and participating employees.

The amendment addresses modifications to existing contract terms, including updates to administrative procedures, investment option requirements, and recordkeeping standards. Key provisions outline vendor responsibilities for maintaining participant records, processing transactions, managing investment options, providing customer service, and ensuring compliance with applicable regulatory requirements. The amendment specifies performance metrics and service level agreements that the incumbent vendor must maintain, along with any changes to compensation structures, fee arrangements, or operational deadlines. This final amendment supersedes previous versions and establishes the definitive contractual obligations for the remainder of the contract term.