The Orange County, New York (“County”) Deferred Compensation Plan (“Plan”) is a defined contribution plan
covering all the employees of the County. The Plan is intended to qualify as an "eligible deferred compensation
plan" under Section 457 ("Section 457") of the Internal Revenue Code of 1986 ("Code"), as now in effect or
hereinafter amended. To become an "eligible deferred compensation plan" in the State of New York (“NYS”), the
Plan must meet the requirements of the rules and regulations codified at Subtitle II of Title 9 New York Code,
Rules and Regulations Parts 9000 to 9006 (“Regulations”) promulgated by the NYS Deferred Compensation Board
("Board") pursuant to the authority granted to the Board by NYS State Finance Law, Article 2, Section 5. The
Regulations are attached to this RFP and marked Appendix A.
As of December 31, 2016, the Plan has the assets, investment distribution, participants and contributions (among
other information) as are detailed in the “Frequently Asked Questions” and “Plan Summary,” copies of which are
attached to this RFP and marked Appendix B and Appendix C respectively.
Mass Mutual Financial Group is the Plan's current third party administrator performing recordkeeping,
enrollment, and educational services for the Plan. The County recently issued a request for competitive proposals
for administration services for the Plan.
The County’s Deferred Compensation Plan Committee (“Committee”) developed this RFP to obtain proposals
from qualified certified public accounting firms to provide the Committee with audit services for the Plan that are
in compliance with Section 9005.1 of the Regulations. The contract term will be for five (5) years and shall consist
of the audit of the Plan’s 2017, 2018, 2019, 2020 and 2021 fiscal (calendar) years.
