SECTION 457(B) DEFERRED COMPENSATION PLAN RETIREMENT PLAN RECORD KEEPING SERVICES

Pierce County, Washington (hereinafter “County” or “Plan Sponsor”) is soliciting proposals from qualified firms (hereinafter “Proposing Firm(s)” or “Firm(s)”) to provide retirement plan administrative services such as recordkeeping, education, communications, and investment-related services for its current 457(b) deferred compensation plan (hereinafter “Plan”).

The County is a public agency with approximately 3,200 employees eligible for the Plan. Employees are paid bi-weekly through one centralized payroll system for a total of 26 pay periods annually. The County uses Workday for its payroll administration system. All active full-time County employees participate in the Public Employees’ Retirement System administered by the Washington Department of Retirement Systems. There are approximately 50 separate locations/buildings located throughout the County. Regarding employee outreach, it would be expected that a record keeper representative visit each of the County worksites as part of their initial and ongoing participant education efforts. This last point is important to the Committee and participants; on-site participant representative(s) delivering education and other services in-person are highly valued.

The County currently uses Nationwide to provide basic administration, enrollment, participant communication and education, investment management and record keeping services for the Plan and its participants. As of March 31, 2026, there was approximately $350 million in the Plan.