When is the submission deadline?

Submissions are due October 29, 2026. Questions must be submitted by October 8, 2026.

It was issued by Yakima County. The work is located in Yakima, Washington, United States.

Who is a good fit for this opportunity?

Retirement plan administration and recordkeeping provider. Experience managing governmental 457(b) deferred compensation plans. Expertise in investment menus, participant education, and communications. Strong online transaction, reporting, and administrative capabilities. Ability to evaluate pricing structures and plan consolidation options.

Retirement Plan Administration and Recordkeeping Services (Due October 29, 2026)

Overview

Financial, Legal, HR & Staffing

Yakima, Washington, United StatesPosted: September 24, 2026Deadline: October 29, 2026

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SUMMARY

A government authority in Yakima seeks a qualified provider to administer and maintain records for two 457(b) deferred compensation plans. The scope includes participant education, investment-related services, integrated reporting, online capabilities, administrative support, and pricing or plan-consolidation analysis.

KEY REQUIREMENTS

Must have a minimum of five years of experience administering governmental Section 457(b) deferred compensation plans.
Must currently provide sole-provider administration to a minimum of three Section 457(b) deferred compensation retirement plans with an asset size of at least $50 million in each.
Must be duly qualified to do business in the State of Washington.
Must be able to offer a self-directed brokerage option.
Must be willing to have representatives attend Committee meetings in person as required (no more than quarterly).
Must have knowledge of and comply with all applicable County, State of Washington, and federal regulations regarding governmental retirement plans and investment options.
Must provide proof of ability to obtain required insurance, including Commercial Liability Insurance with a minimum limit of $2,000,000 per occurrence and $5,000,000 general aggregate.

TIMELINE

RFP issue date: September 24th, 2026

Due date for questions: October 8th, 2026

Response to questions and clarifications: October 15th, 2026

Proposal due date: October 29th, 2026

Tentative Finalist interviews: December 2nd, 2026

QUESTION DEADLINE

October 8, 2026

CONTACTS

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

Additional decision-makers and their departments

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Issuing Agency

Yakima County

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DESCRIPTION

The government authority in Yakima, Washington, is seeking a provider for retirement plan administration and recordkeeping services for the Empower 457(b) Deferred Compensation Plan and Nationwide 457(b) Deferred Compensation Plan.

The selected provider will support participant retirement outcomes, assess the overall competitiveness of the plans, deliver integrated administration and reporting, recommend appropriate investment menus, improve participant education and communications, and enhance formal education for the Deferred Compensation Executive Committee. Services should also include robust online transaction and information capabilities, support for appropriate administrative functions, and evaluation of alternative pricing structures, including the potential consolidation of both plans under one recordkeeper.

All questions must be submitted by October 8, 2026. Proposals are due by October 29, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due October 29, 2026. Questions must be submitted by October 8, 2026.
Who issued this RFP?: It was issued by Yakima County. The work is located in Yakima, Washington, United States.
Who is a good fit for this opportunity?: Retirement plan administration and recordkeeping provider
Experience managing governmental 457(b) deferred compensation plans
Expertise in investment menus, participant education, and communications
Strong online transaction, reporting, and administrative capabilities
Ability to evaluate pricing structures and plan consolidation options

Analysis generated by Settle AI from the source RFP.

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Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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