Deferred Compensation Consultant Services

The contract was published in the Arizona Republic Southwest Section on March 4th, 2026, and March 6th, 2026.

Inquiries must be submitted by March 16th, 2026, at 3:00 PM Arizona Time.

Offers must be received by March 25th, 2026, at 3:00 PM Arizona Time.

Solicitation opening is on March 25th, 2026, at 3:00 PM Arizona Time.

Preliminary bid tabulation will be posted within five calendar days of the bid opening.

Award recommendation will be posted on the City's website.

Protests of a solicitation must be filed within five days of the first advertising.

Protests of an award must be filed within ten days of the issue date of the Notice of Award or Notice of Intent to Negotiate and Award.

The government authority in Goodyear, Arizona is seeking a vendor to provide deferred compensation consultant services. The selected consultant will deliver plan and investment consulting services for non-qualified, qualified, and retirement health savings plans offered by the City. Responsibilities include supporting plan design and operations, aligning with strategic goals, enhancing communication and investment education for participants, and ensuring compliance with industry best practices and changing federal and state laws and regulations.

The consultant will advise on industry trends in the government sector, evaluate new investment products, and benchmark plan design, services, and fees. Developing investment strategies that reflect the long-term needs and risk tolerance of each participant is a key requirement. The scope also includes reviewing stable value fund structures, wrap provisions, performance, crediting rates, and fees. The consultant will periodically update the investment policy regarding fund manager selection and investment option monitoring, and will recommend updates or modifications to the plan's investment structure as needed.