07-01-2021: Third Party Administration Services
RFP Announcement
CalHR released a Request for Proposal (RFP), 700-20-01, on July 1, 2021, to obtain proposals for the Third-Party Administration Services. The Agreement awarded through this RFP process will replace the current Third-Party administrator service Agreement for the Savings Plus Program (Savings Plus), the State of California's approximately $18.5 billion 401(k) Thrift Plan, 457(b) Deferred Compensation Plan, and Part-time, Seasonal, and Temporary Employees Retirement Program (PST).
CalHR intends that the successful firm will enter into an individual Agreement with CalHR for a five-year period beginning January 1, 2023, with the option to extend the Agreement for up to two (2) additional one-year periods.
Visit savingsplusnow.com for more information about Savings Plus.
The deadline for response to this RFP is September 1, 2021, at 3:00 p.m. (PT).