Deferred Compensation Consulting Services

2026-11-03

The contractor shall provide expert , independent services tailored to a governmental 457 ( b ) plan , acting as a fiduciary advisor under ORS 243 . 401 and County policy to provide objective third party advice and counsel to the Deferred Compensation Committee ( DCC .) Services include consulting , RFP solicitation support and auditing . A . Consulting Services : Support the Deferred Compensation Committee , plan administrator , and participants with : o Conduct quarterly reviews of investment options ( e . g ., target - date funds , core funds , stable value ) against industry benchmarks and the County ’ s Investment Policy Statement ( IPS ; Attachment A ). o Use industry - standard metrics ( e . g ., Sharpe ratios , Morningstar ratings etc ..) to assess performance , fees , and manager stability . o Provide market overview and economic outlook . o Create and maintain a fund watch lists for investment line up that are not meeting objectives in the IPS . o Recommend fund replacements via analysis , including due diligence and peer comparisons . o Provide cost analysis and monitoring of the plan investment expenses compared to benchmarks . o Deliver reports in PDF / Excel formats , suitable for intranet posting , with executive summaries , visualizations , and recommendations . o Annually evaluate the recordkeeper ’ s compliance with contract terms , service levels ( e . g ., call response times , error rates ), and participant satisfaction ( via surveys ). o Propose performance guarantees or penalties and enhancements ( e . g ., digital tools ). o Facilitate participant feedback and analyze engagement trends . o Annually review and recommend updates and improvements to the IPS , and plan document to comply with IRS rules ( e . g ., SECURE 2 . 0 ), DOL guidance , and reflect plan design best practices . o Inform and provide guidance to the DCC with any legal and / or legislation changes / developments that would affect the Plan . o Deliver tailored education sessions ( virtual / in - person ) for DCC and employees as requested . o Provide DCC advice and training on such topics as fiduciary responsibilities and risk management strategies to DCC . o Ensure participant communications are clear and accessible ( e . g ., plain language ). o Respond to County plan administrator requests within 5 business days . 1 . Investment Analysis and Monitoring : 2 . Provider Performance Evaluation : 3 . Plan Governance and Policy Support : 4 . Education and Communication : 5 . Ad Hoc Consulting : B . Solicitation Support Services . As requested ( typically every 5 - 7 years ), support procurement of plan providers : o Draft RFPs with County staff , defining scope and evaluation criteria ( such as investment lines , service levels ) and timelines . o Provide expertise on industry trends , fee structures , and service models . o Assist with responding to bidder questions . o Assist DCC with developing scoring criteria . Assist DCC with evaluating RFP proposals and recommend finalists ...

Oregon

2026-04-08