Specifications include, but are not limited to: The Board’s objectives for this project include the following: Provide recordkeeping, administrative, and educational services for the City’s 457 Deferred Compensation Plan (“the Plan”). Provide recordkeeping, administrative, and educational services for the defined contribution portion of Pension Plan ’10 (“the DC Plan), as detailed in Chapter 22-1400 of the Philadelphia Code. Offer investment options to be approved by the Board and consistent with Section 457 of the Internal Revenue Code of 1986, the Plan Document and other applicable laws. Accept from the Plan’s custodian and invest all contributions made by participants and credit any investment gains or losses to participant accounts. Maintain and abide by a payment and disbursement procedure consistent with those generally offered by similar deferred compensation and defined contribution plans and applicable federal state and local statutes governing those plans.
