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Defined Benefit Retirement Plan Administration Software Solution


Location
Missouri
Publication Date
06/12/2018 03:51 PM EDT
Closing Date
06/29/2018 03:00 PM EDT
Issuing Organization
County of St. Louis
Solicitation Number
Description

Specifications include, but are not limited to: General expectations are for an off-the-shelf, configurable retirement plan software to include the following:  Employee contribution tracking  Interest calculations for employee contributions annually, and since inception  Refunding employee contributions, including interest accumulated since inception (check writing is not required)  Perform retirement plan calculations, including amount and eligibility date, for the current and three prior versions for St. Louis County Retirement Plans A and B. For each of the two plans, there are different ways that employees are eligible to retire. Administrative users should be able to calculate participants’ Early, Rule of 80 and Normal retirement dates, if applicable.  Web presence for participants to perform their own retirement plan calculations, including determining retirement eligibility date. For each of the two plans, there are different ways that employees are eligible to retire. Employees should be able to calculate their Early, Rule of 80 and Normal retirement dates, if applicable. Specific information on eligibility is in the Retirement Plan Ordinance included as Attachment 6.  Web presence for participants to access their retirement information, including completed beneficiary and application forms, award letters, and vested status.  Web presence for participants to access blank forms, such as applications, tax, beneficiary, and direct deposit forms  Assistance in preparing annual Actuary Reports.  Assurance that all data and information will be transmitted and maintained in a secure format.

Source
https://www.stlouisco.com/Community/News/Article/2081/Defined-Benefit-Retirement-Plan-Administration-Software-Solution-RFP-2018-39-CL (opens in a new window)

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