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General Information
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Department for this solicitation:
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Procurement
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Date Prepared:
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02/02/24
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Types:
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RFP
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Advertisement Type:
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Service
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Materials
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Service & Materials
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PW Construction
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Agency Construction
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Real Estate
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Solicitation/Project#:
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SERS RFP 23-028
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Solicitation/Project Title:
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Third Party Administrator/Recordkeeper (TPA)
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Description:
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The Pennsylvania State Employees’ Retirement System (“Issuing Office”, “SERS” or “PA SERS”) is an independent agency of the Commonwealth of Pennsylvania created by statute to administer its related pension funds with exclusive control and management responsibility. The Board currently serves as trustee of several retirement plans. Included in these plans are (1) the Commonwealth of Pennsylvania Deferred Compensation Program in accordance with §457(b) of the Internal Revenue Code of 1986, as amended, and applicable regulations thereto (“457(b) Plan”), pursuant to and in accordance with Act of November 6, 1987, P.L. 394, No. 81 (amending Act of March 30, 1811, P.L. 145, No. 99), as amended, and any other applicable state law and (2) the State Employees’ Defined Contribution Plan in accordance with §401(a) of the Internal Revenue Code of 1986, as amended, and applicable regulations thereto (“401(a) Plan”), pursuant to Act of June 12, 2017, P.L. 11, No. 5 (“Act 2017-5”) (hereinafter the 457(b) Plan and the 401(a) Plan are jointly referred to as the “Plans”).
The Board seeks a third-party administrator (“TPA”) to provide plan administration services for the Plans. The contracts for the current TPA for the Plans expire December 31, 2024. The TPA selected for the Plans will be providing plan administration services effective January 1, 2025.
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