Defined Contribution Investment Management RFP
| Agency: | State Government of Connecticut |
|---|---|
| State: | Connecticut |
| Type of Government: | State & Local |
| NAICS Category: |
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| Posted Date: | Apr 28, 2025 |
| Due Date: | May 28, 2025 |
| Solicitation No: | 29869 |
| Original Source: | Please Login to View Page |
| Contact information: | Please Login to View Page |
| Bid Documents: | Please Login to View Page |
Description
Bundled deferred compensation services (i.e., recordkeeping/administration, communication/education, onsite support and custodial trustee services) and Stable Value investment management services for its five governmental defined contribution plans: the Deferred Compensation 457 Plan, the 403(b) Plan, the new 457(f) Plan, the Alternate Retirement Program a 401(a) Plan and the defined contribution portion of Tier IV of the State Employee Retirement System, a 401(a) Plan. The five defined contribution plans share a common investment platform the combined assets of all Plans $ $8.2 billion that covers over 100,000 eligible employees of the State. In addition to providing administrative services, the service provider will be responsible for maintaining compliance with IRS requirements and Secure Act provisions and for establishing and maintaining a financial education/communications program for the Plans’ participants and its retirees.
Steven Cosgrove 165 Capitol Avenue Hartford CT, 06105 United States Tel: 18607023693 Fax: osc.rfp@ct.gov
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