Third-Party Administrator Services for 403(b) and 457(b) Retirement Plans

Overview

Financial, Legal, HR & Staffing

Utqiaġvik, Alaska, United StatesPosted about 2 months agoDeadline: April 3rd, 2026

Fit Score

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SUMMARY

Seeking a third-party administrator to manage 403(b) and 457(b) retirement plans for a government authority in Alaska, including compliance, contribution management, education, and reporting services.

KEY REQUIREMENTS

BUDGET

Estimate

$50,000 – $150,000

TIMELINE

RFP Issued: March 10th, 2026

Questions Due: March 20th, 2026

Proposal Submission Deadline: April 3rd, 2026

Evaluation Period: April 4th, 2026 - April 7th, 2026

Contract Awarded: Tentatively April 15th, 2026

QUESTION DEADLINE

March 20th, 2026

Issuing Agency

North Slope Borough School District

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DESCRIPTION

The government authority in Alaska is seeking a vendor to provide third-party administrator services for its 403(b) and 457(b) retirement plans. Responsibilities include comprehensive plan administration, ensuring full compliance with all federal and state regulations, and the ongoing review, updating, and amendment of plan documents. The selected provider will be responsible for maintaining and overseeing vendor compliance with all plan provisions.

Duties also involve accurate and timely processing and allocation of employee contributions, as well as the development and delivery of educational workshops, webinars, and materials to enhance employee understanding of their retirement plan options. One-on-one consultations must be available for plan participants to address individual questions and retirement planning needs, while coordination with plan vendors is required to ensure seamless operations.

The administrator will conduct annual compliance reviews and non-discrimination testing, and should provide a user-friendly online platform for both participants and administrators if possible. Strict adherence to data security and applicable privacy laws must be maintained throughout all services provided.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.