Defined Contribution Plan Audit Services
Overview
Fit Score
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SUMMARY
KEY REQUIREMENTS
CONTRACT DURATION
TIMELINE
RFP Released: June 10th, 2026
Deadline for Questions, Comments and Contract Exceptions: June 16th, 2026, 5:00pm
Proposal Due Date and Time: July 2nd, 2026, 5:00pm
Interviews (tentative): July 30th, 2026
Anticipated Contract Award Date: September 7th, 2026
QUESTION DEADLINE
Issuing Agency
County Of San Mateo
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
The government authority in San Mateo, California seeks a qualified vendor to provide audit services for its defined contribution plan. The engagement will focus on comprehensive financial reporting, ensuring the accuracy of statements regarding net assets available for benefits, as well as tracking changes in these assets over time.
The scope includes participant data and eligibility testing, reviewing records such as enrollment, birth dates, and hire dates to verify compliance with eligibility requirements. Vendors must also conduct contribution and payroll reviews, examining the accuracy and timely allocation and deposit of both employee and employer contributions through payroll remittance testing. Evaluation of internal controls over contributions, distributions, payroll remittances, and overall recordkeeping will be required.
Additional tasks involve reviewing participant loans and distributions for proper authorization and adherence to plan documents, analyzing investment valuation and allocation, and verifying the legitimacy of administrative expenses paid by the plan. The contract is anticipated to last for five years, with mandatory submission of bidder inquiries by June 16, 2026.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due July 2, 2026. Questions must be submitted by June 16, 2026.
- Who issued this RFP?
- It was issued by County Of San Mateo. The work is located in California, United States.
- Who is a good fit for this opportunity?
- Certified public accounting firm with experience auditing defined contribution plans
- Demonstrated expertise in governmental or public sector audits
- Strong understanding of employee benefit plan regulations and compliance
- Familiarity with California public entities
- Ability to commit to a multi-year contract
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