Procurement Portal
Defined Contribution Plan Services
Post Information
- Posted At:
- Thu, Jul 15, 2021 2:37 PM
- Sealed Bid Process:
- Yes (Bids Unsealed / Pricing Unsealed)
- Private Bid:
- No
Overview
Summary
The City of Murfreesboro (“City”) invites proposals on the project and services described herein to be submitted via the City’s e-Procurement Portal, Procurenow. Proposals will be received until Thursday, August 19, 2021 at 2:00 pm Central Time.
Background
The City of Murfreesboro, Tennessee (“City” or “Murfreesboro”) is requesting proposals from qualified firms or teams to provide plan documentation, administration, investment, and recordkeeping services for a 401(a)/457defined contribution retirement plan for the City, at the most competitive price. This procurement will be made through the City’s Purchasing Department; subsequent placement of coverage and requests for consulting services will be the responsibility of the Human Resources Director.
Any contract resulting from this solicitation will be for an initial contract term of three (3) years with two optional one-year renewals. The contract will require the broker and consultant to act in the best interests of the City while performing all required services. The City reserves the right to determine how many contracts to award, if any, as a result of this solicitation.