Government Contract | Michigan
Defined Contribution Plan Services

Bid Information

Bid Alert No: 00000595067

Bid Title: Defined Contribution Plan Services

Agency Bid No. Title: Not Stated

Received Date: 06/09/2016

Close Date: 06/30/2016

Purchase Type: Not Stated

Delivery Point: Grand Blanc, Michigan

Delivery Date: Not Stated


Specifications include, but are not limited to: The Charter Township of Grand Blanc (the Township) is seeking comprehensive recordkeeping, communications, administration, investment and retirement planning services for its defined contribution plan. The Township intends to secure a contract for bundled services as it relates to custodial, administrative, recordkeeping, member education and enrollment, as well as, investment management services of the plan. The purpose of this RFP is to define the Townships minimum requirements, solicit proposals, and gain adequate information from which to evaluate such services. The RFP process is intended to provide Grand Blanc Township with competitive information to assist in the selection of a firm that will provide the services that are being sought. This RFP is designed to provide firms with the information necessary for the preparation of competitive proposals, but is not intended to be comprehensive regarding all details that will be included in any proposal. Each firm is responsible for determining all factors necessary for submission of a comprehensive proposal.Page 2 The Townships defined contribution plan is intended to operate as a core retirement plan, not as a supplemental savings plan and should be designed in a manner that emphasizes a long-term approach to creating a secure retirement for plan members. Recognizing that investments will be subject to participant choice, important consideration will include participant education and communication services, as well as an investment structure that addresses risk and investment expenses in a prudent manner. Investment structures that promote a disciplined, diversified, long-term strategic allocation are preferred. Primary considerations include; appropriate fund line-up, low costs, and fund performance.

Bid Related Documents

Download Solicitation Notice

Product Code: 94645

Agency Information

Issuing Agency: Charter Township of Grand Blanc

State: Michigan

Agency Type: State and Local

Contact: Cathleen Szostak 5371 S. Saginaw Street, P.O. Box 1833, Grand Blanc, Michigan, 48480

Phone: 810-424-2654



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