The consultant will be required to perform the following services for the Deferred Compensation 457B Plan: 1. Perform periodic reviews (at least quarterly) of fund manager performance including establishing criteria for measuring performance. 2. Perform due diligence on funds available for selection by the Plan and make recommendations for fund selection. 3. Analyze Plan needs and assist with the selection of an appropriate recordkeeper/administrator by marketing the RFP process, serving as the point to address vendor questions, evaluating proposals, scheduling vendor interviews, discussion with SEPTA’s Deferred Compensation Committee, and providing a written summary of the process and proposers, and recommendation. 4. Review and recommend changes to the Plan’s structure as appropriate. Review the 457 (B) Deferred Compensation Investment Options Spreadsheet and SEPTA’s Investment Policy Statement (located at the end of this SOW) and offer recommendations to promote best practices. 5. Communicate risk/return characteristics of the selected investment options to the SEPTA Committee. 6. Conduct fee analysis of recordkeeping service / benchmarking fees. Review third party recordkeeping providers. 7. The Consultant will be expected to meet with SEPTA’s Deferred Compensation Plan Investment Committee on a quarterly basis and for special meetings when necessary. 8. Provide general advice and consultation throughout the term of the contract at least four times a year.
