Specifications include, but are not limited to: Minimum Requirements: 1. The vendor must be a top tier retirement plan advisor. 2. Ideally, the vendor must be licensed to conduct business in all fifty (50) states. Please indicate any state that you are not licensed in. 3. The vendor must be financially stable and have at least five years of experience working with clients similar in size and complexity to the County. Legal /Regulatory Requirements: 1. Provide the County with (and/or be willing to administer) individually designed or otherwise governmental plan documents. Assist in maintaining Internal Revenue Code-compliant 401(a) and 457(b) Plan documents and amendments. 2. Provide strict oversight of all plan activities to ensure compliance with Federal and State regulations. 3. Provide comprehensive information regarding taxes and tax treatment of the plans and participant benefits. Fiduciary Services: 1. Analyze the 401(a) and 457(b) Plan current investment and record keeping platform as needed, including benchmarking of fees and investment performance. 2. Assist in the development of an Investment Policy for retirement plan assets, and at least on annual basis, review this policy for potential updates in consultation with the Retirement Plan Advisory Committee (RPAC). 3. Review for recommended changes of desirable investment programs for the 401(a) and 457(b) Plans. a) Review and recommend appropriate asset classes. b) Monitor and assist in selecting appropriate investment options. 4. Provide the County a copy of the Investment Advisory Agreement.