DEPARTMENT
Finance
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
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Request approval to renew existing contracts - Finance Department, 19RFP524216C-BKJ, 457(b) Deferred Compensation Plan Administrator with Great-Westlife & Annuity Insurance Company ("Great-West") which operates primarily as Empower Retirement, LLC ("Empower") to provide plan administrative services for the 457(b) Deferred Compensation Plan. Contributions are 100% employee paid - no cost to the County. This action exercises the second of two renewal options. No renewal options remain. Effective dates: January 1, 2026 through December 31, 2026. (APPROVED UPON ADOPTION OF THE CONSENT AGENDA)
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REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
In accordance with Purchasing Code Section 102-394(6), the Purchasing Department shall present all renewal requests to the Board of Commissioners at least 90 days prior to the contract renewal date, 60 days if the contract term is six (6) months or less.
STRATEGIC PRIORITY AREA RELATED TO THIS ITEM (If yes, note strategic priority area below)
Open and Responsible Government
COMMISSION DISTRICTS AFFECTED
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
IS THIS A PURCHASING ITEM?
Yes
SUMMARY & BACKGROUND
Scope of Work: This request is to renew the existing contract to provide plan administrative services for the 457(b) Deferred Compensation Plan.
Community Impact: N/A
Department Recommendation: Recommend approval
Project Implications: N/A
Community Issues/Concerns: N/A
Department Issues/Concerns: N/A
CONTRACT MODIFICATION:
CURRENT CONTRACT HISTORY
BOC ITEM
DATE
DOLLAR AMOUNT
Original Award Amount
19-1010
12/4/2019
No Cost
Name Change
21-0293
4/21/2021
No Cost
Renewal No. 1
24-0866
12/18/2024
No Cost
Renewal No. 2
No Cost
Total Revised Amount
No Cost
CONTRACT & COMPLIANCE INFORMATION
Contract Value: No ...
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