Specifications include, but are not limited to: The Alameda County Office of The Treasurer-Tax Collector intends to maintain its current structure of using a third party for recordkeeping and administration, communication, education, and advice, while continuing to maintain some in-house administration of select enrollment and other participant services. The investment menu is the same for both the 457(b) and 401(a) Plans. Alameda County contracts with an independent registered investment adviser for full plan consulting and investment advisory services. The contracted registered investment adviser, Retirement Plan Advisors (RPA), does and will continue to perform due diligence on the investment options and make recommendations regarding deletions and additions to the fund lineup. Regarding employee education and advice, it is anticipated that the proposer will provide plan and financial education and advice to the County’s employees. The bidder should anticipate 80 employee hours a week for employee services. Not being able to provide 80 hours per week will be grounds for disqualification. Today the County receives service from two third-party advisors through two separate firms as well as a part-time staff representative of the recordkeeper. One of the third-party service providers is a member of the County’s Small Local Emerging Business (SLEB) program. The County does like this model – that there are third parties providing educational services.
