RFP No 20-101 ~ Third Party Administration Services for 403(b) and 457 Retirement Plans

DEADLINE FOR SUBMISSION OF PROPOSALS:

5:00 P.M. Local Time on August 30, 2019

SUBMIT RESPONSES TO:

Business Services

Attention: Kate Lane

Marin County Office of Education

1111 Las Gallinas Avenue

San Rafael, CA 94903

QUESTIONS/ RESPONSES- AUGUST 19, 2019

Question:  Please provide a definition of what is meant by "grandfathered accounts".  Will this apply to just 403(b) accounts, 457 accounts or both?

Response:  The definition of "grandfathered accounts" for purposes of this RFP means accounts that are for products that have since been discontinued. This applies to both 403(b) and 467(b) accounts.

We have not yet obtained a census from our current Third Party Administrator to determine whether there are any accounts that would be deemed "grandfathered" within the CONSORTIUM.