RFP SBO-24-002 Third Party Administration (TPA) Services

The Poquoson City Public Schools (PCPS) in Virginia has issued a Request for Proposal (RFP) to contract with one or more qualified Third Party Administrators (TPAs) to provide administrative services for the district's Internal Revenue Section 125 Benefits, Internal Revenue Code (IRC) Section 403(b) Plan, and Supplemental Insurance Products. The selected TPA(s) will be responsible for a range of services, including assessing the current 403(b) program, providing IRS-compliant forms, a web-based benefits enrollment system, onsite enrollment support, advising on federal regulations, and maintaining participant files. The contract term is from June 1, 2024 to May 31, 2027, with options to renew for two additional one-year periods. Offerors must have a minimum of three years of experience providing TPA services and provide at least three client references. Proposals will be evaluated based on the qualifications of the firm, the depth of the response to the organizational and business questionnaire, the approach and methodology, value-added services, and the reasonableness of the cost proposal.

The RFP does not contain any set-aside designations or restrictions on the types of organizations that can respond. It does not list any incumbent vendors or current contractors, nor does it provide any information on existing infrastructure or technology that requires integration. The RFP also does not include any details on possible award values or budget ranges.