State of Connecticut

EXHIBIT D

State of Connecticut
RFP for Section 457 Plan Administrator

Roles of the Plan Administrator, Investment Advisors, the Comptroller's Office
(including special advisors as needed):

Roles Responsible Party
I  Recordkeeping Services
Develop Payroll Interfaces
PA
Process Employee Deferrals 
PA
Reconcile Contributions with CO 
PA/CO
Direct immediate investment in compliance
PA
Maintain records in accordance with standards
PA
Maintain contingency backup capability
PA
Records to be property of the State
PA
Direct transfers and distributions in compliance
PA
Reconcile balances with investment providers
PA
II Plan Reporting
Prepare and distribute asset, contribution, distribution reports for CO as required
PA
Provide audited statements on all activity
PA
Prepare and maintain manual of operating procedures
PA
Prepare and maintain formal plan document
PA
Provide quarterly statements of accounts for participants
PA
Provide necessary reports for compliance with IRC reporting requirements 
PA
III Trustee Services
Maintain accounts with financial institutions as necessary to facilitate distribution, withdrawals, and contributions
PA
Maintain reconciliations with financial institutions as necessary
PA
IV Employee Enrollment and Education
Develop Forms necessary for employee enrollment and changes in status for participants
PA
Assist employees in completing forms as necessary
PA
Educate employees as to provisions of plan, benefits of plan, and other related considerations
PA
Provide employees/participants with all necessary documentation regarding plan
PA
Monitor elections and contributions to assure compliance
PA
Develop and produce materials necessary to educate participants regarding enrollment and investment options
PA
Maintain toll free numbers as required to adequately respond to participant inquiries with necessary personnel including interactive voice response.
PA
Develop a plan for educational services to be submitted to CO for review and approval
PA/CO
V Benefit Payments and Distributions
Disburse benefits as appropriate and as instructed
PA
Provide for direct deposit services
PA
Prepare and distribute necessary tax forms and information 
PA
VI Investment Services
Develop method for integration of investment education within overall educational material
PA/CO
Assist in final selection of investment advisors for plan
PA/CO
Provide data necessary for ongoing evaluation of investment providers performance for CO and for participants
PA
Assist in coordination of prior investment options within plan as developed
PA
Coordinate and direct transfer of assets upon termination of any investment option
PA
Suggest and recommend the addition of options if appropriate
PA
Assure mechanism for independent assessment of investment alternatives by participants within context of necessary fee and compensation structures of advisors
PA
Terminate investment advisors failing to achieve stated objectives
PA/CO
Maintain contractual relationship with investment advisors
PA/CO
VII Other
Reconcile state payroll data with deferral records 
PA/CO
Select PA and manage contract with PA
CO
Evaluate PA performance
CO
Act as fiduciary for the plan
CO
Process and approve early withdrawals
PA
Participate in semi annual full plan review
PA/CO
Provide personnel necessary for all functions above
PA/CO
Advise as to changes or proposed changes in federal statutes or regulations that might affect the management of the plan
PA
Advise as to material events that might prevent the PA from effectively discharging its duties under its agreement
PA


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