SOLICITATION NOTICE
R -- Paying Agent Services
- Notice Date
- 9/1/2005
- Notice Type
- Solicitation Notice
- NAICS
- 522320
— Financial Transactions Processing, Reserve, and Clearinghouse Activities
- Contracting Office
- Pension Benefit Guaranty Corporation, Deputy Executive Director and Chief Management Officer, Procurement Department, Suite 1090, 1200 K Street, N.W., Washington, DC, 20005-4026
- ZIP Code
- 20005-4026
- Solicitation Number
- PBGC01-RP-05-0017
- Description
- The Pension Benefit Guaranty Corporation (PBGC) desires a contractor to perform paying agent services. The basic services include, but are not limited to, distributing annuity and lump sum payments by check and electronic direct deposit (EDD); conducting EDD validation on routing numbers and bank addresses (pre-note process); performing Federal tax withholding, reporting, 1099 production, Tax Equity and Fiscal Responsibility Act (TEFRA) notifications, tax reconciliation and related administration; withholding, reporting, reconciling and/or relating administration of other PBGC approved deductions; servicing customers by stopping payments, replacing lost or missing benefit payments, providing copies of negotiated checks, recovering benefit payment funds, and scanning and forwarding correspondence from participants to PBGC; maintaining and reconciling benefit funding and payments; conducting a monthly purge process for stale-dated checks; maintaining benefit payment data and payment history; providing reports on services; and utilizing PBGC systems for data update, letter generation and scanning and entry of incoming participant correspondence. This contract will be for an eight-month base period with four one-year options and one four-month option for renewal at PBGC's discretion. Interested parties can submit questions in writing to johnson.janiced@pbgc.gov and are invited to attend the Bidders? Conference, which will be held approximately two weeks after issuance of the solicitation. The actual date for the pre-proposal conference will be specified in the solicitation. Potential offerors planning to attend the conference should submit the name of their company, contact information and the names of staff who will be attending. Answers to questions and transcripts from the conference will be posted online at fedbizopps. Proposal submissions are due to the PBGC approximately four weeks after issuance. Telephone requests for this solicitation will NOT be honored. The solicitation document (RFP No. PBGC01-RP-05-0017) will be distributed through the FedBizOpps.gov website. The site contains downloading instructions. All information about this acquisition, including solicitation amendments, will also be distributed through the FedBizOpps.gov website. Interested parties are responsible for monitoring the site to assure that they have the most up to date information about this acquisition. The estimated issue date of this solicitation is within the week of October 3, 2005.
- Record
- SN00885422-W 20050903/050901213052 (fbodaily.com)
- Source
-
FedBizOpps.gov Link to This Notice
(may not be valid after Archive Date)
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