Procurement Portal
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Defined Contribution Plan Services
Request for Competitive Sealed Proposals
Purchasing
Project ID: RFCSP-33-2021
Release Date: Thursday, July 15, 2021
· Due Date: Thursday, August 19, 2021 2:00pm
Posted Thursday, July 15, 2021 2:37pm
All dates & times in Central Time
Question & Answer
Questions and clarifications about the project
1. Demographic Plan Information Jul 21 2021 at 10:00 AM
- Anonymous Jul 21 2021 at 10:00 AMUser information is private
What are the current plan assets, participants (active & termed), annual contributions (employer & employee), and what is the balance of any assets in a fixed account/money market market fund? If assets are in a fixed account, are there any restrictions on these assets? We'll need this information as soon as possible to determine our intent to bid. - Jul 22 2021 at 12:07 PMCity of Murfreesboro
See Notice 1-4.
2. Demographics Jul 21 2021 at 11:29 AM
- Anonymous Jul 21 2021 at 11:29 AMUser information is private
Will you please provide total assets and total participants with a balance for each plan - 401a and 457b? - Jul 22 2021 at 12:07 PMCity of Murfreesboro
See Notice 1-4.
3. Investments Jul 21 2021 at 11:30 AM
- Anonymous Jul 21 2021 at 11:30 AMUser information is private
Will you please provide an asset breakdown by investment for each plan - 401a and 457b? - Jul 22 2021 at 12:07 PMCity of Murfreesboro
See Notice 1-4.
4. No subject Jul 27 2021 at 1:01 PM
- Anonymous Jul 27 2021 at 1:01 PMUser information is private
Is the page limit 50 single pages or double sided? - Jul 27 2021 at 2:30 PMCity of Murfreesboro
Hi Lewis, 50 single page please.
5. No subject Jul 22 2021 at 2:30 PM
- Anonymous Jul 22 2021 at 2:30 PMUser information is private
Is it mandatory that the call center be open 7am -8pm CT 7 days a week? - Jul 27 2021 at 3:41 PMCity of Murfreesboro
No, it is not mandatory.
6. No subject Jul 22 2021 at 2:29 PM
- Anonymous Jul 22 2021 at 2:29 PMUser information is private
Are there any restrictions on these assets? - Jul 28 2021 at 10:30 AMCity of Murfreesboro
• At the plan sponsor level, only the PLUS Fund has any restrictions, which is the 12-month notification. • At the plan participant level, there is just one equity wash restriction. The only fund to which that applies in the City of Murfreesboro fund lineup is the VT Cash Management Fund. If a participant moves money from the PLUS Fund, it must go into a different fund for at least 90 days before it is allowed to be transferred to the VT Cash Management Fund.
7. Plan Demographics Aug 2 2021 at 3:28 PM
- Anonymous Aug 2 2021 at 3:28 PMUser information is private
Is ICMA-RC the sole provider for the City’s 457 plan? If not, Understanding that the City wants to get the best price available, please provide the assets from all providers, number of participants (total, active and terminated ) and the assets in the fixed account or stable value for each provider. - Aug 4 2021 at 12:20 PMCity of Murfreesboro
There are no additional plans or services to be considered.
8. Notice 1-4 Aug 2 2021 at 3:30 PM
- Anonymous Aug 2 2021 at 3:30 PMUser information is private
Can you please provide a copy of Notice 1-4? It is not an addenda item or part of the RFP documentation. - Aug 3 2021 at 4:10 PMCity of Murfreesboro
Hi Patrice, we posted these under "Addenda and Notices" tab. Is that tab not available for you to see?
9. No subject Aug 4 2021 at 6:03 AM
- Anonymous Aug 4 2021 at 6:03 AMUser information is private
Does section 9.3 need to be responded to separately and if so is that part of the 50 page limitation? - Aug 4 2021 at 2:01 PMCity of Murfreesboro
The response relative to Section 9.3 should be a part of the submission, but does not have to be responded to separately. All of the submission is part of the page limitation.
10. Access to Notices Aug 4 2021 at 3:48 PM
- Anonymous Aug 4 2021 at 3:48 PMUser information is private
Hello, The links to Notices 2, 3 and 4 are not working, hoping you can fix so that we may access the pdf docs. - Aug 5 2021 at 8:56 AMCity of Murfreesboro
Hi Brett, we had a few people check into this and all PDFs are working properly. Please email us at: [email protected] so we can help resolve this for you
11. No subject Aug 5 2021 at 5:48 AM
- Anonymous Aug 5 2021 at 5:48 AMUser information is private
Does the City currently receive any educational meetings with ICMA and if so, how many on an annual basis. Would the City want to have any education days priced in with this bid and if so, how many? - Aug 10 2021 at 11:11 AMCity of Murfreesboro
The City’s ICMA representative attends new hire orientation, typically bi-weekly, and discusses retirement benefits with new employees in addition to helping them enroll. The representative is also available for one on one sessions and group meetings as needed. This is all at no additional cost to the City.