BID XX/12 - OAS



TERMS OF REFERENCESECTION 2 PRICE PROPOSALAPPENDIX 1Vendor Service QuestionnaireVendors must respond to ALL the following questions. The GS/OAS has the right to disqualify any Proposal that doesn’t contain a complete Appendix 1 - Vendor Service Questionnaire, Section H.SECTION HFEES AND EXPENSESPlease submit your quotation using the table below under the following assumptions:Fees should be based on 166 participants with $27M in assets as of June 30, 2020.There should be no initial implementation fee. In exchange, the GS/OAS will agree to a 3 year term without termination for convenience.Your quote should assume the current fund line-up will remain unchanged.On-Going Administration??Asset Based Fee - % per $ of plan assets ?Annual???Participant Transaction Cost??One Time Loan origination (if added to Plan)?One TimeAnnual Loan maintenance (if added to Plan)?AnnualDRO approval (if performed by third-party, indicate the cost charged by such firm)?One TimeQDRO segregation?One TimeHardship distribution?Per TransactionLump sum ?Per TransactionOther payment types, i.e., substantially equal, partial, etc.?Per TransactionExpedited delivery of plan distribution ?Per Transaction???Investment Management Tools (including Trust/Custody of Plan Assets)??Trust/Custody Services?Annual % of Assets???Annual Participant Self-Directed Brokerage Fee?Annual Per Participant???Participant Advice (Implementation): one-time cost of adding an advice engine to the Plan, separate and apart from any on-going costs or fees for the related managed account service.?One TimeParticipant Advice On-Going (Per Participant): on-going cost of offering participant advice, separate and apart from a delegated investment management service.?Annual Per ParticipantParticipant Advice On-Going (Plan Charge) on-going cost of offering participant advice, separate and apart from a delegated investment management service.?Annual Per Plan?Managed Account Service: Indicate the asset-based fees for the delegated account service offered on your platform. ? First $100,00000.00%Annual % of Assets$101,000-$250,0000.00%Annual % of Assets$250,000+0.00%Annual % of Assets???Communication??Mail QDIA/404(a)5 Fee Disclosures - Annual notice (as needed)?Per TransactionFulfillment Cost for Other Mailings/Disclosures ?Per TransactionMissing Participant Locator Service?Per TransactionOther: Explain???List any other services that would result in additional cost that the client has requested and are not noted above. ?Additional QuestionsWhat fees does your firm charge for ad-hoc consulting and actuarial services? What consulting services are included as part of the proposed fee schedule?If the GS/OAS provides your firm with incorrect information that you require for calculating contributions to the 401(m) Plan, and you have to recalculate participant benefits as a result of that information, what is your charge for correcting the error?For how long is your firm willing to guarantee its fees?In the event of that any of the fund options in the investment line-up pays revenue sharing to offset the cost of recordkeeping services, how are those payments treated? Can they be applied against the recordkeeping fee payable from the Plan? Can they be refunded to the participant funds from which they originated?Can you reimburse the OAS from plan assets for legitimate third-party expenses (e.g. legal fees) incurred in operation of the Plan provided the proper documentation is provided? ................
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