Bid Alert No: 0000232535
Bid Title: Denver Water RFP for DC Record Keeper Services
Agency Bid No. Title: 1
Received Date: 02/19/2020
Close Date: 03/20/2020
Purchase Type: One Time Purchase
Delivery Date: Not Stated
Denver Water is running this competitive selection through Ellwood. The RFP and all of its associated documents can be found by following this link.(https://open.theinhub.com/denverwater/record-keeper)Denver Water is issuing this RFP for an administrator/custodian for its two defined contribution plans. Denver Water currently offers a 401(k) Plan and a 457 Plan. As of 12/31/2019, the 401(k) Plan had assets totaling $116.8 million and the 457 Plan had assets totaling $37.8 million. The plans are overseen by the Board of Water Commissioners, with the assistance of an independent investment consulting firm, Ellwood. As a governement entity, the Denver Water Plans are not subject to ERISA. Empower is the current record keeper for the defined contribution plans. All participant functions are done in a self-service capacity (i.e. enrollment, ditribution requests, etc.) are all processed online). If Denver Water elects to change to a new record keeper, the anticipated conversion date is December 29, 2020.
Product Codes: 918, 91867, 91885
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Issuing Agency: Denver Water Procurement
Agency Type: State and Local
Contact: Megan Decker - Contract Specialist - 1600 West 12th Ave, Denver, Colorado, 80204