The State of Wisconsin Deferred Compensation Board (Board) is requesting proposals for contract 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 contract compliance audits of the WDC for calendar years 2007 and 2009. The administrative services contract compliance audit is 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 financial statements audits for the WDC Program.

The deadline for submitting a proposal in response to this request is 2:00 p.m., April 12, 2007. Download and print "2007 WDC contr compliance RFP" for a complete copy of the contract compliance audit RFP. Contact Shelly Schueller via email at shelly.schueller@etf.state.wi.us with any questions regarding this RFP.

WDC - Administrative Services Contract Compliance Audit RFP

Section D - Cost Proposal Worksheet XLS