Government Contract | Georgia
Voluntary Retirement Plan Consultant

Bid Information

Bid Alert No: 00000442205

Bid Title: Voluntary Retirement Plan Consultant

Agency Bid No. Title: 47200-14063

Received Date: 12/17/2015

Close Date: 01/07/2016

Purchase Type: Not Stated

Delivery Point: Georgia

Delivery Date: Not Stated

Special Notices: Bidder Preregistration


Specifications include, but are not limited to:The University System of Georgia is seeking a qualified consultant to assist and advisethe USGs Retirement Plan Strategic Planning Committee in developing a long-termstrategic plan for the USG retirement savings plans which will achieve the Vision statedabove. The consultant should have expertise and/or experience in the following areas:public retirement plan and vendor consolidations, retirement plan investment structures,retirement plan administrative vendor and system solutions, and retirement planadministrative fee structures for large employer plans.The engagement will occur over a ninety-day period and the end product of theengagement is a strategic plan (to include recommendation, rationale, and detailedapproach), which must address, but is not limited to, the following items:1. Consolidation of plans and vendors2. Plan recordkeeping structure i.e. master record-keeper or vendor specific;3. Investment management structure4. Compliance monitoring system5. Fee structure i.e. direct billing of per participant fees vs. revenue sharing6. Governance structure for investment review and maintaining on-going compliance7. Timeline over which the activities of the strategic plan should occurAn understanding of the current higher education/public 403(b) and 457(b) retirementsavings plan environment and the limitations associated with restricting plans withassets in individually controlled accounts is crucial to the consultants successfulcompletion of this project.The retirement consultant may also be tasked for related project work outside the scopeof this engagement or for follow-on work.

Bid Related Documents

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Product Codes: 94645, 95380

Agency Information

Issuing Agency: State of Georgia - Board of Regents of the University System

State: Georgia

Agency Type: State and Local

Contact: Vernon Davis 270 Washington Street SW, Atlanta, Georgia, 30334

Phone: 404-656-2259




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