When is the submission deadline?

This RFP closed on June 11, 2026 and is no longer accepting submissions.

It was issued by Suffolk Public Schools. The work is located in Suffolk, Virginia, United States.

Who is a good fit for this opportunity?

Experienced retirement plan provider with expertise in 403(b) and 457(b) plans. Proven track record working with government or public sector clients. Demonstrated commitment to fee transparency and benchmarking. Strong advisor network with adherence to industry conduct standards. Ability to offer diverse investment options.

Plan Providers for 403(b) and 457(b) Plans Service (Closed)

Suffolk, Virginia seeks plan providers for 403(b) and 457(b) retirement plans, with a focus on investment options, transparent fees, and advisor standards.

Must be a qualified vendor to provide 403(b) and 457(b) plans
Must support Roth elective deferrals and mandatory Roth catch-up contributions
Must coordinate with the District's payroll team and Third-Party Administrator
Must demonstrate fee transparency including investment-level and participant-level fees
Must provide 1, 3, 5, and 10 year performance data
Must provide ongoing participant education including workshops and seminars
Must have a marketing plan for staff member enrollment
Must provide sample education materials
Must provide background checks for all representatives prior to entry into school buildings
Must be authorized to do business in the State of Virginia
Must provide SOC 1/SOC 2 audit reports
Must maintain workers' compensation insurance with a limit of $200,000.00 per accident/injury
Must provide SCC identification number

Questions due by June 4th, 2026.

Proposals due by June 11th, 2026.

Initial marketing materials expected by August 5th, 2026.

Contract term begins July 1st, 2026 and continues through June 30th, 2027.

Suffolk Public Schools

Organization overview and procurement intelligence available on paid plans.

The government authority located in Suffolk, Virginia is seeking vendors to provide plan provider services for 403(b) and 457(b) retirement plans. The selected provider will be expected to offer a comprehensive range of investment options and ensure both transparency and reasonableness with respect to service fees.

Applicants should adhere to established advisor access and conduct standards, and participate in benchmarking assessments to demonstrate the competitiveness of their fee structures. Interested vendors must submit all questions concerning the RFP by June 4, 2026.

Plan Providers for 403(b) and 457(b) Plans Service

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