Establishment, Administration, and Management Services of a Section 115 Trust for Pension

Bid Title:Establishment, Administration, and Management Services of a Section 115 Trust for Pension Category:Professional ServicesStatus:Open Description: The City of St. Helena is seeking proposals from eligible and qualified interested firms to provide comprehensive services for the establishment, administration, and management of an Internal Revenue Service (IRS) approved Section 115 Trust relating to the City’s pension pre-funding, as required to be reported under Governmental Accounting Standards Board (GASB) Statements No. 74 and No. 75.The City’s goal is to enter into a long-term relationship to obtain the required Section 115 Trust management (including establishment and administration) services in the most efficient and cost-effective manner available. This will be a competitive negotiation process. Qualified individuals, firms, consultants, or entities (hereinafter “Consultant(s)”). That meet the requirements set forth in this Request for Proposals (hereinafter “RFP”) and

are capable of providing the services requested are encouraged to participate.Please view the RFP document for full scope.The City is only accepting proposals electronically via email to document.write('mkellogg'+'@'+'cityofsthelena.org')mkellogg@cityofsthelena.org For security reasons, you must enable JavaScript to view this E-mail address..Questions & Answers - Update April 15, 2024Q1. Does the City currently have funds earmarked to fund the 115 Trust? If so, what isthe anticipated initial contribution amount once the trust is established?A: The City does not currently have funds set aside to fund the 115 Trust. Publication Date/Time: 3/27/2024 10:00 AM Closing Date/Time: 4/29/2024 5:00 PM Contact Person: Mandy Kellogg, Administrative Services Director mkellogg@cityofsthelena.org 707-968-2649 Download Available: Yes Business Hours: Mon - Fri, 9am - 5pm Related Documents: RFP - Section 115 Trust (PDF)RFP - Section 115 Trust Questions Return To Main Bid Postings Page