Government Contract | Virginia
ANNUAL CONTRACT FOR DEFERRED COMPENSATION PLAN INVESTMENT MANAGEMENT AND CONSULTING SERVICES

Bid Information


Bid Alert No: 00000558191

Bid Title: ANNUAL CONTRACT FOR DEFERRED COMPENSATION PLAN INVESTMENT MANAGEMENT AND CONSULTING SERVICES

Agency Bid No. Title: 16-1133-2CS

Received Date: 05/03/2016

Close Date: 05/26/2016

Purchase Type: expire June 30, 2016

Delivery Point:

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to:The Successful Offeror shall provide all supervision, labor, material and equipment necessary to provide the following:Investment Management ServicesDevelop and maintain an Investment Policy Statement that clearly defines theinvestment guidelines and the expectations of the investment manager.a.The Investment Policy Statement should describe a prudent investment program that will allow plan participants to structure an investment strategy that meets their individual return objectives and risk tolerance.b.Update the Investment Policy Statement and other related documents in a timely manner.Assume all fiduciary responsibility and risk for selecting the investments to be offered in the County plans.a.Provide investment management services as if 3(38) of ERISA applies in making fund selections as a plan fiduciary. The County will provide the Successful Offeror information regarding the current investment fund options.b.Assume sole fiduciary responsibility for the selection, monitoring, and replacement of plan investment options. The Countys role will be limited to consulting with the Successful Offeror about the investment options selected by the Offeror. The County as Plan Sponsor will have no responsibility for the Investment Managers fiduciary decisions.c.Provide investment management services solely in the interest of plan participants and their beneficiaries.d.Ensure the process of evaluating, selecting, and de-selecting investment options is performed without any conflict of interest or any appearance of conflict of interest. The investment manager must document the basis for decisions selecting or de-selecting portfolio offerings.e.Offerors should provide a sample Investment Policy Statement that it uses for deferred compensation plans of size and scope similar to the Countys plans.Follow the established Investment Policy Statement.Consulting services for Deferred Compensation Plans. The Successful Offeror shall ensure that the following consulting services will not create any conflicts of interest with its investment selection and management services under this contract.Evaluate current programs, recommend improvements, and provide expert advice

Product Code: 94656

Agency Information


Issuing Agency: County of Henrico

State: Virginia

Agency Type: State and Local

Contact: Cecelia H. Stowe, Department of General Services Purchasing Office, 8600 Staples Mill Road, Henrico, Virginia, 23228

Phone: 804-501-5685

Fax: 804-501-5693

Email: sto05@co.henrico.va.us

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