Request for Proposals to Provide Third Party Administrative Services for the Texa$averSM 401(k) / 457 Program

23-13169-001

Posted

Fred Fernandez

(512) 867-7163

Fred.Fernandez@ers.texas.gov

6/5/2025

10:00 AM

327

21+ Days for Solicitation Notice

4/1/2025

4/1/2025 3:01 pm

94672-Retirement Planning Services;

EMPLOYEESRETIREMENT SYSTEM OF TEXAS

REQUEST FORPROPOSALS to Provide

Third Party Administrative Services for the Texa$aver ^SM 401(k) / 457 Program

SOLICITATIONNO. 23-13169-001

NIGP CODE: 946-72

The Employees Retirement System of Texas (ERS)has issued a Request for Proposals (RFP) seeking a qualified third partyadministrator (Respondent) to provide program administration services (i.e.,recordkeeping, communication, education, including in-person; custodial trusteeservices, investment advisor, and Participant investment advisor managementservices). Respondent shall provide the level of services required in the RFPand meet other requirements that are in the best interests of ERS, its members,and the state of Texas (State). Respondent shall be required to execute acontract (Contract) provided by, and satisfactory to, ERS for a period thatbegins upon execution of the Contract by and, after the Implementation Period,extend for six (6) years through December 31, 2032, subject to the terms of theContract.

To be eligible for consideration, Respondent is required tosubmit its response to the RFP (Proposal) in accordance with the instructionsset forth in the RFP. Respondents must meet the Minimum Requirements set forthin the Minimum Requirements Questionnaire (Appendix F). The MinimumRequirements Questionnaire shall be received by ERS via Bonfire no later than May13, 2025 at 10:00 a.m. CT. All Proposal materials shall be received by ERSvia Bonfire no later than June 5, 2025 at 10:00 a.m. CT.

ERS reserves the right to rebid the RFP if deemed by ERS tobe in the best interests of ERS, its members, and/or the State. ERS alsoreserves the right to reject any Proposal submitted that does not fully complywith the RFP’s instructions and criteria. ERS is under no legal requirement toexecute a Contract on the basis of this notice or upon issuance of the RFP andwill not pay any costs incurred by any Respondent in connection with thepreparation of a Proposal. ERS also reserves the right to revise any provisionsset forth in the RFP at any time prior to execution of a Contract where ERSdeems it to be in the best interests of ERS, its members, and/or the State.

Any general questions should be sent to ERS’point of contact, Frederick Fernandez, Procurement Specialist, viaBonfire or ivendorquestions@ers.texas.gov .ERS’ mailing address is P.O. Box 13207, Austin, Texas 78711-3207.