Benefits Plan and 401K Audit Services
Overview
Fit Score
Settle Intelligence
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SUMMARY
KEY REQUIREMENTS
BUDGET
EstimateCONTRACT DURATION
TIMELINE
Deadline for submission of questions: March 24th, 2026, 5:00 PM EST.
NYRA's responses to questions circulated: March 27th, 2026, 5:00 PM EST.
Signed bids due: April 3rd, 2026.
All Proposals must be submitted by: April 3rd, 2026, 5:00 PM EST.
First post year audits must be completed by: October 15th, 2026.
Renewal Term 1 audit completion: October 15th, 2027.
Renewal Term 2 audit completion: October 16th, 2028.
Renewal Term 3 audit completion: October 15th, 2029.
Renewal Term 4 audit completion: October 15th, 2030.
QUESTION DEADLINE
Issuing Agency
The New York Racing Association, Inc.
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
The government authority located in Queens, New York seeks a qualified vendor to provide audit services for its benefits plan and 401K accounts. The agency requires annual audits for two pension plans and one large 401K plan for the calendar years ending December 31, 2025, 2026, and 2027, with optional renewal years for 2028 and 2029. One pension plan is noted as frozen, while the other maintains 15% active participants. The 401K plan includes both employee and employer contributions, and in 2026, a Roth contribution option was also added.
The selected vendor will be responsible for conducting a prior year audit of the two pension plans annually, ensuring compliance with all relevant regulations such as ERISA, safeguarding plan assets, ensuring transparency and accountability, and identifying opportunities for improvement in plan management.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.