The American Academy of Actuaries (AAA) has posted a request for comments for a company that can help administer its defined benefit pension plan and its two defined contribution retirement plans.
The AAA, Washington, is a group that represents about 17,200 actuaries – many of whom are pension and defined contribution retirement plan advisors.
The group has a staff of 43.
The defined contribution plans offer 27 fund options.
The vendor the AAA hires must be familiar with topics such as plan consolidation, plan termination, Internal Revenue Service qualification and tax filings, other compliance-related work, plan amendments, participant eligibility determinations, employer contribution calculations, excess contribution calculations, forfeiture calculations, employee loan servicing, distribution reporting, top heavy testing, and a variety of other matters, the AAA says.
Proposals are due May 31, and the AAA will start to conduct finalist interviews in June.
- Allison Bell