Deferred Compensation Plan Provider Services

Gilbert Public Schools is seeking a provider to educate employees about Special Pay Buyback HRA and 403(b) options, provide financial guidance, and establish selected accounts under a zero direct employer cost structure.

Gilbert Public Schools


General
Open (open)
27-16-31
Sep 25, 2026 12:00 PM
Sep 04, 2026 03:40 PM
1 year base + 4 × 1 year options
Request for Proposal (RFP)
Local
Ask AI about this solicitation
Original Solicitation Links
Contact
barbie.wells@gilbertschools.net
+14804973386
140 South Gilbert Road, Gilbert, AZ, USA
Submission Instructions
Description

Gilbert Public Schools is seeking a plan provider for its Special Pay Buyback Plan. The provider will meet individually with eligible employees, explain HRA and 403(b) options, discuss benefits, risks, fees, tax considerations, investment options, access restrictions, and portability, provide required disclosures, and assist employees in making informed selections. The provider will complete and coordinate account-opening activities for the selected HRA or 403(b) option, including collecting documentation, obtaining authorizations, assisting with beneficiary designations and investment selections, submitting materials to custodians or recordkeepers, resolving account-opening issues, confirming establishment, and providing account access information. The provider must maintain appropriate records, protect confidential employee information, comply with applicable licensing and regulatory requirements, and provide participant and district support. The district intends a zero direct employer cost structure, although offerors must disclose all potential employer and participant costs.

Classification Codes
NAICS523940Portfolio Management and Investment Advice
PSCR703Accounting Services (NOTE: New code created for Financial Services See R710 below)
Smart Codes
deferred compensation servicesretirement plan administrationfinancial education services
Specifications
Service Only
Timeline
Sep 4, 2026-Release Date
Sep 17, 2026-Questions Submission Deadline
Sep 25, 2026-Proposal Submission Deadline
Requirements
Required
  • Commercial General Liability — $500,000.00
  • Automobile Liability — $500,000.00
  • Workers' Compensation
  • Employers' Liability — $500,000.00
  • Professional Liability (Errors and Omissions Liability) — $500,000.00
Scored
  • Minimum 3 references
  • Client point of contact required for each reference
Documents
TitleDate Posted
Deferred_Compensation_Plan_Provider_Services.pdfSep 04, 2026 03:41 PM
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