Request for Proposals - City of Chandler Deferred Compensation 457 Plan and Retirement Health Savings Plan Administration, Investment and Trust Services ; HR3-953-4609

The City of Chandler, located in Maricopa County, Arizona, has issued a Request for Proposals (RFP) for Deferred Compensation 457 Plan and Retirement Health Savings Plan Administration, seeking comprehensive investment and trust services. The procurement opportunity, identified by solicitation number HR3-953-4609, is designed to secure a qualified vendor to manage the city's employee retirement and savings programs. The RFP was posted on May 12, 2023, with proposals due by June 13, 2023, indicating a roughly one-month response window for interested vendors. Potential offerors must demonstrate extensive experience in administering deferred compensation and retirement health savings plans, with capabilities that include plan management, investment oversight, and trust services. While specific evaluation criteria are not explicitly detailed in the provided documentation, typical municipal procurement processes often consider factors such as vendor qualifications, service capabilities, fee structures, investment performance history, and compliance capabilities.

The solicitation does not explicitly specify set-aside designations or restrictions on respondent types, suggesting the opportunity is open to a broad range of qualified financial services providers and retirement plan administrators. No incumbent vendor information is provided in the current documentation, and there are no explicit references to existing technological infrastructure requirements for integration. The RFP appears to be seeking a comprehensive solution for plan administration and investment management, which implies potential vendors should be prepared to demonstrate robust capabilities across multiple service dimensions. While a specific budget range is not disclosed, municipal deferred compensation plan contracts can typically range from moderate to substantial annual values depending on the size of the city's workforce and the complexity of required services. Interested vendors should carefully review the full RFP documentation and be prepared to submit comprehensive proposals that address the City of Chandler's specific retirement plan administration needs.