STATE OF WISCONSIN
DEFERRED COMPENSATION BOARD
ADMINISTRATIVE SERVICES AGREEMENT COMPLIANCE AUDITS
REQUEST FOR BID
The State of Wisconsin Deferred Compensation Board (Board) is requesting bids for administrative services agreement compliance audits of the company administering the Wisconsin Deferred Compensation (WDC) Program for State of Wisconsin and local Wisconsin government employees.
The WDC is an unbundled supplemental retirement savings program authorized
under Section 457 of the Internal Revenue Code. It was created by Wisconsin
Laws of 1981 Chapter 187 and established in 1982 for state employees. It has
been available to local employers since 1985.
The WDC is administered through the Department of Employee Trust Funds and governed by Chapter 40 of the Wisconsin Statutes. Great-West Retirement Services, the WDC’s current third-party administrator, has been providing recordkeeping, marketing and related services for the WDC since December 1, 2005.
The Board will use the results of this process to award a contract for administrative services agreement compliance audits of the WDC for calendar years 2011, 2013 and 2015. The audits are to be performed in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits set forth in the U.S. Government Accountability Office’s (GAO) Government Auditing Standards (2003), issued by the Comptroller General of the United States.
Each proposing company must demonstrate, to the satisfaction of the Deferred Compensation Board, that it is capable of completing quality compliance audits for the WDC.
The RFB is posted on the Employee Trust Funds Web site at http://etfextranet.it.state.wi.us All modifications and other information associated with the RFB will be posted on this Web site. As such, interested vendors are encouraged to check this Web site for updates frequently. No other notification regarding modifications will be provided
The deadline for submitting a proposal in response to this request is 2:00
p.m., May 18, 2011. Download and print "RFB contract compliance audit 2011
to 2015.doc" for a complete copy of the administrative services agreement
compliance audit RFB. Contact Shelly Schueller via email at
email@example.com with any questions regarding this RFB.
|04/22/11||Questions and Answers Set Two|
|04/20/11||Questions and Answers Set One|
|04/07/11||All Modifications to be posted to http://etfextranet.it.state.wi.us(Administrators/Vendors)|
|04/05/11||Intent to Post Bid|
|RFB contract compliance audit 2011 to 2015.doc|
|RFB Cost Proposal Form.xls|
|12/16/15||Wipfli Compliance Audit of WDC Contract Amendment #1|
|06/22/12||Wipfli Compliance Audit of WDC Contract December 1, 2011|
|06/22/12||Wipfli Compliance Audit of WDC Cost Proposal|
|Reference Materials||Web Address|
|WI State Statutes Ch. 40,||http://www.legis.state.wi.us/statutes/Stat0040.pdf|
|Ch. ETF 70, WI Admin. Code||http://legis.wisconsin.gov/rsb/code/etf/etf070.pdf|
|WDC - Program Fact Sheet||http://etf.wi.gov/publications/et8904.pdf|
|WDC Plan and Trust Document||http://etf.wi.gov/members/wdc_plan_trust_document.pdf|
|WDC Web site||http://www.wdc457.org/|