BOARD OF FIRE COMMISSIONERS
FIRE DISTRICT NO. 3
TOWNSHIP OF WALL
NOTICE OF SOLICITATION FOR RFQS
PLEASE TAKE NOTICE that the Board of Fire Commissioners of Fire District No. 3, Township of Wall, County of Monmouth, State of New Jersey, is seeking qualifications from deferred compensation plan providers currently in good standing in the State of New Jersey to provide a deferred compensation plan (457 Plan) for District employees. Services will include, but not be limited to, providing the initial set up and ongoing administration of the plan as well as assisting the employees of the District with plan setup.
QUALIFICATIONS MUST INCLUDE:
1. Demonstrated experience representing New Jersey public agencies including counties, municipalities and/or local or regional authorities.
2. A New Jersey Plan Identifier Number (assigned by the Director of the New Jersey Division of Local Government Services) as well as a description of the investment instruments available to the employees under the Plan.
3. Name(s) and professional experience of each financial advisor that would provide services to the District.
4. Fee Proposal, including setup fees and ongoing administrative fees.
5. New Jersey State compliant proposed form of Plan Agreement or Service Agreement.
Sealed proposals will be received by the Board of Fire Commissioners on Wednesday, October 15, 2025, at 12:00 p.m. prevailing time at the Wall Fire District No. 3 Administrative Building, 1612 Route 71, Wall, New Jersey. All proposals must be received by the Board Clerk or designee no later than the opening date and time as set forth above. Any proposal received after, whether by mail or otherwise, will not be considered. All proposals shall be submitted in a sealed envelope with the designation "Deferred Compensation Plan" clearly marked on the outside. Proposals may not be faxed, transmitted over the telephone or emailed. The Board assumes no responsibility for delays in any form of carrier, mail or delivery service causing the proposal to be received untimely. Proposals mailed shall be to the attention of the Board of Fire Commissioners, Fire District No. 3, Township of Wall, 1612 Route 71, Wall, New Jersey 07719, and must be received on or before October 15, 2025, at 12:00 p.m.
All submissions will be evaluated by the Board on the basis of the most advantageous service, with rate of return, fees and other factors considered. The evaluation will consider: (a) Experience and reputation in the field, (b) Knowledge of the subject matter to be under contract, (c) History and number of alternative investment options available, (d) Fee proposal, (e) Terms of proposed agreement and its compliance with New Jersey laws and regulations, and (f) Other factors deemed to be in the best interest of the Board.
Proposers are expected to comply with the requirements of P.L. 1975, c. 127 (N.J.A.C. 17:27).
Any questions pertaining to this Request for Qualifications must be directed to the Board of Fire Commissioners of Fire District No. 3, Township of Wall, in writing, at wnewberry@wtfd1.com.
By authorization of the Board of Fire Commissioners of Fire District No. 3, Township of Wall.
RALPH G. TANCREDI, SR., CLERK
Board of Fire Commissioners
Fire District No. 3
Township of Wall
September 21 2025
LNYS0373899
$68.64