Specifications include, but are not limited to: A. Vendor shall be responsible for providing Retirement Plan Fiduciary services, including those listed below to LRWRA. Vendor shall provide all necessary resources to perform the required services. Vendor must meet or exceed all requirements and specifications as set forth in this solicitation. 1. Assisting LRWRA in the ongoing review and selection of plan investments. 2. Providing monitoring of and reporting on plan investments. 3. Assisting in review of plan service providers including third part fee benchmarking of current plans. 4. Providing a complete fiduciary assessment of current LRWRA plans. 5. Performing a review of plan administration for compliance with plan documents and industry best practices. 6. Educating LRWRA’s staff on requirements to meet regulations. 7. Implementation and administering an employee and fiduciary education program. B. The vendor shall at all times maintain independence from other third parties that may make recommendations or offer investment advise to LRWRA, including by any broker or other third party with who the vendor is or may be affiliated. The vendor expressly acknowledges and agrees that its duties under this any resulting contract are solely to LRWRA and not to any affiliations other than LRWRA. C. The vendor must agree to act as a “fiduciary” with respect to LRWRA.
