Master Contract for Record keeper for Defined Contribution Retirement (DCR) and Tax-Sheltered Annuity (TSA) Programs

30 East 7th Street, Suite 350
St. Paul, MN 55101-7804
651-201-1800
888-667-2848
NOTICE OF SOLICITATION
SYSTEM OFFICE
RECORDKEEPER FOR DEFINED CONTRIBUTION
RETIREMENT (DCR) AND TAX-SHELTERED
ANNUITY (TSA) PROGRAMS
NOTICE IS HEREBY GIVEN that proposals are being solicited to select a provider to act as a
recordkeeper for the 401(a) Defined Contribution Retirement (DCR) program, and the 403(b)
Tax Sheltered Annuity (TSA) program of the Minnesota State Colleges and Universities. The
Plans cover approximately 34,000 active participants in a system of 31 public colleges and
universities with 54 campuses in 47 communities throughout the state of Minnesota.
To review the full Request for Proposal please visit
https://www.proposaltech.com/home/app.php/register or contact Aon Investments USA Inc:
Joe Steen Anne Jackson
+1 .813.313.7895 +1.952.240.2589
joe.steen@aon.com anne.jackson@aon.com
Key Dates Timeline
Friday, August 21, 2026 Publishes RFP notice on MinnState.edu/Vendors webpage
Friday, August 28, 2026pm Deadline to submit clarifying questions
Friday, September 4, 2026 at 5:00 Deadline for RFP proposal submissions
pm EST
Thursday, October 29, 2026 Selection of finalists
Thursday, November 12, 2026 Remote technology demonstrations by finalist
Thursday, December 3, 2026 In-person finalist presentations
Thursday, December 10, 2026 Vendor Selection
Minnesota State reserves the right to not award a contract. The dates noted above are estimates,
but are reasonable for the purposes of presenting deadlines.
Minnesota State is an affirmative action, equal opportunity employer and educator.

Proposals must be submitted via Proposal Tech at this link
https://www.proposaltech.com/home/app.php/ register and received according to the
instructions appearing in the Request for Proposal no later than Friday, September 4, at 5:00
p.m. EST. Proposals received after this date and time will not be reviewed.
This RFP does not obligate Minnesota State, its Board of Trustees, or the System Office to
award a contract or complete the proposed project, and Minnesota State, its Board o
Date Posted: 11:24a.m. Central Time , August 21, 2026
MINNESOTA STATE LETTER OF AWARD 2/28/2024