Government Contract | Texas
Financial Advisor - 457 Defined Contribution Consultant

Bid Information


Bid Alert No: 00002892858

Bid Title: Financial Advisor - 457 Defined Contribution Consultant

Agency Bid No. Title: 4022000047

Received Date: 01/24/2022

Close Date: 02/08/2022

Purchase Type: Not Stated

Delivery Point: Harris County, Texas

Delivery Date: Not Stated

Special Notices: Questions Due By 01/25/2022 12:00 PM, Bidder Preregistration

Specifications

Specifications include, but are not limited to: 1. Advisor is expected to provide guidance with respect to plan design optimization, InvestmentGuideline review, communication/education strategies along with recommendations related tonew fund line-up selection.2. Participation by the Advisor at all meetings will be required. The Advisor is expected to helpfacilitate these meetings and provide an update on market conditions, status of the investmentsheld by the Plans, financial results, and other relevant topics to be disclosed to theCommittee. Ad hoc meetings may be held when necessary, at the request of the Committee orAdvisor with mutual consent.3. The Advisor is to provide specific investment advice and recommendations to the Committee;however, the responsibility for investment decisions of assets held in the retirement plans will beheld by the Committee. The Advisor will not be granted discretionary authority or discretionaryauthority other than fiduciary responsibility for investment advice. Therefore, the followingservices should be rendered at the initial point of engagement & periodically thereafter: a. Advise the Committee concerning changes to the existing investment guidelines that youwould consider beneficial to the continued viability and success of plans underadministration.b. Full transparency related to revenue sharing and any other payment agreements betweenfund companies and Advisor.c. Analysis of various share classes available to plan participants & specificrecommendations related to investment decisions.d. Communication with the Committee regarding selection, monitoring and replacement ofinvestment managers and investment options offered by the retirement plans.e. Coordinate investment related changes with the record-keeper timely & accurately.4. With the support and assistance of Human Resources & Benefits staff, formulate on-going &targeted communication & education strategies.5. Act as an effective liaison between the Committee and service providers to ensure highest level ofservice delivery, cost competitive pricing, issue resolution (when required) and newproduct/service recommendations to best manage the Plans.

Product Code: 94648

Agency Information


Issuing Agency: Metropolitan Transit Authority of Harris County

State: Texas

Agency Type: State and Local

Phone: 713-739-4000

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