Specifications include, but are not limited to: The City of Cedar Rapids is soliciting proposals from qualified firms to provide recordkeeping, administrative, and compliance services for its 457(b) Deferred Compensation and 401(a) Defined Contribution Plans. The scope of services includes: • Providing comprehensive plan recordkeeping and administrative services, including: o Consolidating the City’s plans. o Maintaining records associated with a participant’s account, including but not limited to deferrals, investment performance, administrative costs, salary deferral authorizations, addresses, beneficiary designations, and any other information necessary for the proper administration and accounting of a participant’s account. o Producing plan-level reporting on all aspects of the plans.
