Government Contract | California
Third Party Administrator for Tax Sheltered Annuities

Bid Information

Bid Alert No: 00000605094

Bid Title: Third Party Administrator for Tax Sheltered Annuities

Agency Bid No. Title: 16-158

Received Date: 06/20/2016

Close Date: 06/30/2016

Purchase Type: 1 year

Delivery Point: San Juan Unified School District, California

Delivery Date: Not Stated

Special Notices: Questions Due By 06/22/2016 04:00 PM


Specifications include, but are not limited to: o provide Third PartyAdministrator (TPA) for Tax Sheltered Annuities (TSA) services. The purpose of thisagreement pertains to professional review, administrative and IRS tax-compliance servicesfor the Districts 457 and 403(b) tax-deferred investment program, which is fundedexclusively from voluntary salary reductions agreements made by the Districts employees.The District anticipates the selected administrator to begin services summer/fall of 2016,which is subject to change at the Districts discretion. a) Oversee all aspects of IRS compliance of the District's 457 and 403(b) program by all parties involved. In the event of an IRS audit, TPA will represent the District at the audit. b) Describe how you will monitor employees participating in the 403(b) and/or 457 plan(s) to confirm that they are staying within annual contribution limits.c)Please explain your procedures for entering into Information Sharing Agreements (ISAs) with various Service Providers that the District has made available through payroll deduction under its 403(b) and 457 plans. d)Review all employee contributions and perform all necessary calculations to ensure the District's compliance with all IRS regulations pertaining to 457 and 403(b) programs. e)Review all contributions to ensure that additions to the 457 and 403(b) program for each participant are within limits prescribed by Section 415 of the Internal Revenue.

Bid Related Documents

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Product Code: 94645

Agency Information

Issuing Agency: San Juan Unified School District

State: California

Agency Type: State and Local

Contact: Lynne O'Brien, Purchasing Office Business Support Services, 5133 Engle Road, Carmichael, California, 95608

Phone: 916-971-5340




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