Government Contract | Alaska
Pension Record Keeping Services

Bid Information


Bid Alert No: 00002226979

Bid Title: Pension Record Keeping Services

Agency Bid No. Title: 20-22-208273

Received Date: 06/24/2020

Close Date: 07/27/2020

Purchase Type: Not Stated

Delivery Point: Not Stated, Alaska

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to: 1. Maintain individual accounts for participants contributions and earnings. This includes biweekly contributions, accrued interest, refunds, repayment of refunds, QDRO distributions,etc. Receive and review for reasonableness bi-weekly transmission of employee earningsand contribution activity, including adjustments to earnings and contributions. Track pre- andpost-tax contributions. Post the information to the participants accounts. Run appropriatepayroll audit and regression reports and edits, process data cleanup and manual updates fornon-standard files.2. Maintain and update employment activity and demographic data records on participants,including but not limited to compensation, data (address, bargaining unit, pension tier, etc.),status codes, and spousal information. Maintain beneficiary information for all participants.3. Monitor de minimus accounts and rollover information that may be necessary for theoperation of the Plan. Monitor terminated participants reaching Age 58 (for Tier 1 deferredvested participants), Normal Retirement Age for Tier 1 and Tier 2, and the regulated RMDAge. Provide reporting on participants as requested.

Product Codes: 95882, 91844, 91551

Agency Information


Issuing Agency: Alaska Railroad Corporation

State: Alaska

Agency Type: State and Local

Contact: Greg Goemer, Contracts Section 327 W. Ship Creek Avenue, P.O. Box 107500, Anchorage, Alaska, 99501

Phone: 907-265-2593

Fax: 907-265-2439

Email: goemerg@akrr.com

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