When is the submission deadline?

Submissions are due July 15, 2026.

It was issued by Village Of Mount Prospect. The work is located in Mount Prospect, Illinois, United States.

Who is a good fit for this opportunity?

Expertise in deferred compensation and retirement health savings plans. Experience serving municipal or public sector clients. Ability to support plans with multiple current and former participants. Familiarity with 457b plan administration. Established presence in Illinois or capacity to serve local governments nationwide.

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Deferred Compensation Plan and Retirement Health Saving Services

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Overview

Financial, Legal, HR & Staffing

Mount Prospect, Illinois, United StatesPosted: June 18th, 2026Deadline: July 15th, 2026

Fit Score

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SUMMARY

The Village of Mount Prospect, Illinois seeks providers for deferred compensation and retirement health saving services covering current and former employees.

KEY REQUIREMENTS

Must be a qualified individual or firm
Must be able to serve as the Village's Plan Fiduciary
Must be able to serve as the Village's Investment Advisor for 457b plans and Retirement Health Saving services

TIMELINE

Broadcast Date: June 17th, 2026

Due Date: July 15th, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

Village Of Mount Prospect

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DESCRIPTION

The government authority in Mount Prospect, Illinois is seeking a vendor to provide deferred compensation plan and retirement health saving services. The Village employs approximately 330 staff members who have the opportunity to participate in a 457b deferred compensation plan. This plan also accommodates former employees who have chosen to retain their deferred compensation within the Plan after leaving employment.

Currently, deferred compensation plans are administered via Nationwide and Mission Square Retirement. Prospective vendors are expected to offer comprehensive services related to deferred compensation and retirement health savings for both current and former employees of the Village.

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Frequently asked questions

When is the submission deadline?: Submissions are due July 15, 2026.
Who issued this RFP?: It was issued by Village Of Mount Prospect. The work is located in Mount Prospect, Illinois, United States.
Who is a good fit for this opportunity?: Expertise in deferred compensation and retirement health savings plans
Experience serving municipal or public sector clients
Ability to support plans with multiple current and former participants
Familiarity with 457b plan administration
Established presence in Illinois or capacity to serve local governments nationwide

Analysis generated by Settle AI from the source RFP.

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Deferred Compensation Plan and Retirement Health Saving Services (Due July 15, 2026) | Settle RFP Hunter