Discuss, consider and take appropriate action on authorizing the Purchasing Agent to advertise and receive sealed proposals for Deferred Compensation Plan 457b Consultant under RFP #1901-287.

Williamson County intends to engage the services of a consulting firm with demonstrated experience in Deferred Compensation Plan 457 to advise and assist the County with a Request for Proposal (RFP) and in the evaluation of the resulting provider proposals. Upon selection of (a) successful offeror(s), the consultant will assist the County in the negotiation of the contract(s) to obtain competitive deferred compensation fund fees and to obtain administrative resources to cover program expenses.  The consulting services will be paid on a fee for services basis.  No commissions are to be paid relative to the County’s resulting deferred compensation plans.  The contract for consulting services would commence upon award of contract. The County currently offers a 457b plan to employees.  The county has approximately 1,716 Full Time employees with 256 employees participating in the 457b Plan.  The 457b Plan is currently administered through Nationwide Retirement Solutions. Funding is provided by participant fees and is at no cost to the County. Questions regarding this program can be directed to Shelley Loughrey in HR and/or Nathan Zinsmeyer in Accounts Payables.