Defined Benefit Pension Plan
Closed Solicitation Posted
- Solicitation number
- 19NS5019R0001
- Agency
- US Embassy Paramaribo US Consulates and Embassies, Department of State
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
- PSC
- Not on record
- Place of performance
- Paramaribo, Suriname
Notice details come from SAM.gov. Updated .
Notice text
The main objective of this Plan is to provide retirement benefits for LE Staff who are current participants of the U.S Embassy in Suriname's DB Plan serviced by MetLife/ALICO (contract # 90108). The new contract must have the same benefit levels. The U.S. Department of State will consider a Deposit Administration Fund or another type of funding vehicle able to provide plan servicing during the account accumulation phase with an annuity benefit payment upon retirement eligibility.
This is a service contract to administer Department assets of approximately $3 to $12 million dollars and purchase annuities from an insurer or administer annuity payments from the fund. A financial institution (bank, insurance company, pension provider, or financial services plan administrator) may service this contract. The service contract will be based on fees for administering Department assets, which may include any of the following if applicable:
• Accounting fees
• Banking fees
• Investment fees
• Annuity insurance purchase fees
• Per participant fees
• Annual fees.
Attachments
| File | Type | Posted |
|---|---|---|
| Defined_Benefit_Pension_SOW.docx | DOCX document | |
| Defined_Benefit_Pension_SOW.docx | DOCX document |
Notice history
| Notice | Type | Posted |
|---|---|---|
| Defined Benefit Pension Plan | Solicitation | |
| Defined Benefit Pension Plan | Pre-Solicitation |
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