Government Contract | Washington
Re-posting of Small Business Retirement Marketplace

Bid Information

Bid Alert No: 00000539702

Bid Title: Re-posting of Small Business Retirement Marketplace

Agency Bid No. Title: 16-22110110-03

Received Date: 04/11/2016

Close Date: 04/18/2016

Purchase Type: Not Stated

Delivery Point: Not Stated, Washington

Delivery Date: Not Stated

Special Notices: Questions Due By 04/11/2016 05:00 PM


Specifications include, but are not limited to:. PURPOSE AND BACKGROUNDThe Washington State Department of Commerce hereafter called Commerce, is initiating this Request for Qualifications and Quotations to solicit proposals from consultants interested in assisting with the development of Washingtons Small Business Retirement Marketplace (hereafter, Marketplace).The Marketplace is a retirement savings program created to connect eligible employers and their employees with approved retirement savings plans to increase individual retirement savings. The Marketplace was established to address the retirement savings gap by making it easier and less costly for small businesses to establish and provide retirement savings options to their employees.The Marketplace was created by the Washington State Legislature and signed into law by Governor Jay Inslee in 2015. This link will take you to the statute (law) establishing the program: Revised Code of Washington (RCW) 43.330.730-750. Commerce expects to stage the Marketplace launch between October and December 2016, with a full statewide launch in January 2017.OBJECTIVEIn preparation for the launch of the Marketplace, Commerce seeks consultation from a subject matter expert (SME) in the field of retirement plans and investment products offered by the financial services and insurance industries. The SME will report to the Marketplace Director, located in Commerces Office of External Relations.The anticipated activities and duties under this contract may include the following:Assist Commerce staff with devising a work plan for recruiting prospective financial services firms to offer products and services on the Marketplace.Provide input, guidance and consultation on the methods and tactics by which Commerce engages financial services firms to offer retirement savings products on the Marketplace.Develop or provide guidance on the development of an application form/process by which financial services firms will apply to Commerce to offer products and services on the Marketplace.Develop or provide consultation and input on the development of informational materials to be used by Commerce to recruit financial services firms to participate in the Marketplace.Assist Commerce staff with conference calls and other tactics for establishing good communication channels between Commerce and financial services firms that have attained approval to offer services on the Marketplace.Provide expert consultation by phone and in writing to Commerce on an as-called-upon basis.COMMERCE may award one or more contracts to consultants who submit proposals as a result of this RFQQ.

Bid Related Documents

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Product Code: 94645

Agency Information

Issuing Agency: State of Washington - Department of Commerce

State: Washington

Agency Type: State and Local

Contact: Amber Siefer 1011 Plum Street SE, PO Box 42525, Olympia, Washington, 98504

Phone: 360-725-2733




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