Government Contract | Oregon
Market Analysis, Program Design, & Financial Feasibility

Bid Information

Bid Alert No: 00000453784

Bid Title: Market Analysis, Program Design, & Financial Feasibility

Agency Bid No. Title: 170-1051-16

Received Date: 01/06/2016

Close Date: 01/19/2016

Purchase Type: Not Stated

Delivery Point: Salem, Oregon

Delivery Date: Not Stated

Special Notices: Questions Due By 01/08/2016 12:00 PM, Bidder Preregistration


Specifications include, but are not limited to:A. Market AnalysisThe Market Analysis is intended to identify information that will help optimize participation in the plan. Buildingon existing information developed for Oregon, other States, and Nationally, survey Oregon employees andemployers to affirm suitability and fit of a base case proposed plan design, or to adjust the proposed design asidentified by the analysis. The Market Analysis will also confirm whether and to what extent plans with thecharacteristics described in section 3 of HB 2960 currently exist in the private market. Page 4 of 28Analysis of eligible participants will determine likely participation rates, contributions, Program design elements,and messaging by segment to maximize participation. The analysis should include anticipated participant age,gender, race, income level, and household data. The analysis will include eligible participant perception of thedistribution options, investment opportunities, risk levels, and estimated rate of account closures and rollovers.Analysis of eligible employers will determine the transaction cost of certain program elements to employers with anadditional concentration on small employers. The analysis will include a determination of how many employerswould currently be eligible and those employers abilities to remit employees contributions through their currentpayroll systems.Pursuant to the 2015 Act, the Board must provide a report on or before December 31, 2016 which must include:1) The results of the market analysis sought by the Board under section 7 of the 2015 Act; and2) The findings from legal advice obtained by the Board under section 7 of the 2015 Act.3) An analysis of potential costs to employers, including administrative costs associated with providingautomatic payroll deductions for participation in the Plan, and a recommendation on how to eliminate orreduce those costs through incentives, tax credits or other means.B. Program DesignThe Contractor shall provide recommendations for the structure, administration, and for the type of entity bestpositioned to administer the Program based on the Market Analysis. Recommendations should take into accountexisting interactions between employees, employers, payroll organizations or software, and the State, seeking tobalance the introduction of any additional provider relationships with speed, efficiency and accuracy in processingparticipant contributions and records. Contractor should also take into account the resulting customer experiencefor participants.The design should identify:B.1 Key roles in the modelB.2 Critical activities to be included in the model, including:1) Administrative and record keeping responsibilities.2) Processing payroll deductions.3) Investment of contributions by private-sector provider.4) Communication and outreach to eligible participants.5) Facilitation of participation for individuals who do not receive a payroll check and may want to opt into theProgram (e.g. sole proprietors, unemployed.6) Ongoing support to participants on their individual accounts, implementing automatic enrollment andopt-out procedures, and contribution levels.7) Keeping track of whether covered employers are fulfilling their duties related to the Program.B.3 Multiple model recommendations with implications for employers, employees, other stakeholders, and forcost and effectiveness of the program overall.The Contractor shall recommend a process to determine employee/employer eligibility how to ensure participationand proper handling of employee contributions by covered employers.Program design should take into account distribution options, including access to funds during the savings andaccumulation period, and during the decumulation period during and at retirement.C. Financial FeasibilityThe study will provide a determination of the likely participation rates sufficient to maintain a self-sustaining trustthat covers all expenses of the program, as required.

Bid Related Documents

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Product Codes: 91846, 96153

Agency Information

Issuing Agency: Oregon State Treasury

State: Oregon

Agency Type: State and Local

Contact: Connie Lelack 350 Winter Street, NE, Suite 100, Salem, Oregon, 97310

Phone: 503-378-2335




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