Government Contract | Michigan
Michigan Achieving A Better Life Experience (ABLE) Savings Program

Bid Information

Bid Alert No: 00000444399

Bid Title: Michigan Achieving A Better Life Experience (ABLE) Savings Program

Agency Bid No. Title: 007116B0006686

Received Date: 12/21/2015

Close Date: 01/15/2016

Purchase Type: Not Stated

Delivery Point: Lansing, Michigan

Delivery Date: Not Stated

Special Notices: Questions Due By 12/28/2015 03:00 PM, Bidder Preregistration


Specifications include, but are not limited to:The main objective of this project is for a Contractor to provide Program Management/Administration and Investmentservices for the Michigan Achieving a Better Life Experience (MI-ABLE) Accounts.A Contractor is needed to provide services necessary for the development, implementation and management of theMI-ABLE program and accounts including but not limited to: record keeping, investment of assets, marketing andpromotion, customer service, managerial, professional, legal, clerical, technical and administrative services. All program components and materials developed by the Contractor must be approved by the Program Manager. TheContractor will need to develop, implement and maintain a savings program that complies with PAs 160 and 161 of2015 and IRC Sec. 529 (A); provide legal, financial and other resources as necessary.Total program administrative fees cannot exceed 2.0% of the average daily net assets of the accounts. The Contractwill be effective approximately from March 1, 2016 through May 31, 2021. The period of March 1, 2016 through May31, 2016 will be for implementation and transition for the Contractor; no payment will be made to the Contractorduring this period unless implementation occurs sooner. The Contractor must begin providing all services, withoutinterruption, on June 1, 2016.REQUIREMENTSContractor shall provide deliverables/services and staff, and otherwise do all things necessary for or incidental to theperformance of work, as set forth below:1. General RequirementsA. Program Management/Administration1. Describe Contractors overall work plan for attaining the objectives of this project based on thefollowing information:a. Essential to the development of this program is its qualification in accordance with PA 160 and161 of 2015 and IRC Sec. 529 (A). This program must be administered in accordance withSection 529 (A) and all applicable IRS rules, guidance (including IRS 2015-81), regulationsand policies. The State must be assured that the requirements of Section 529 (A) and the IRSrules, guidance, regulations and policies are fully understood.

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Product Code: 94656

Agency Information

Issuing Agency: State of Michigan - Department of Technology, Management and Budget (DTMB)

State: Michigan

Agency Type: State and Local

Contact: Joshua Wilson 525 W. Allegan Street, P.O. Box 30026, Lansing, Michigan, 48933

Phone: 517-284-7027




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