Summary

This is an amendment (Amendment 3) to a contract attachment for the State of Tennessee's Optional Retirement Program and Public Higher Education 403(b) Plans recordkeeping, administration, and investment options services. The document, dated December 16th, addresses modifications to the contractual terms governing the administration and recordkeeping services for Tennessee's 403(b) retirement plans serving state employees and public higher education institutions. The amendment establishes updated requirements and procedures for the selected vendor(s) to manage plan administration, participant recordkeeping, investment options, and related fiduciary services. The scope encompasses ongoing operational support for multiple plan participants across the state system, with specific attention to compliance requirements and administrative procedures outlined in this amendment revision.

The amendment establishes binding contractual modifications that supersede previous versions and clarify vendor obligations, operational procedures, and service delivery standards. This represents a continuation of existing contracted services rather than a new procurement, with the amendment serving to update terms, conditions, or performance requirements applicable to the incumbent service provider(s). The document reflects the state's efforts to maintain comprehensive retirement plan administration services through formalized contractual amendments that ensure compliance with regulatory standards and protect plan participant interests across the optional retirement program structure.