Posted Date : October 26,2018
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1113
Government Authority located in Providence, Rhode Island; USA based organization looking for expert vendor for independent investment consulting services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide independent investment consulting services to assess the investments of the 529, 401(a) and 457(b) plans, to provide input and analysis for investment options and to advise on investment policy to the government authority located in Providence, RI.
A. Serve as the State’s expert on the national college savings landscape and offer recommendations regarding investment option(s) and underlying investments to position college bound as a “best in class” state-sponsored college savings program. Provide regular updates of economic, regulatory and market conditions that could impact 529 investments.
B. Serve as the State’s expert on public sector deferred compensation plans and offer recommendations regarding investment option(s) and underlying investments to position the State as providing “best in class” options for deferred compensation plans to qualified employees. Provide regular updates of economic, regulatory and market conditions that could impact 457 plans.
- Serve as the State’s expert on public sector defined contribution plans and offer recommendations regarding investment option(s) and underlying investments to position the State’s defined contribution plan as “best in class.” Provide regular updates of economic, regulatory and market conditions that could impact 401(a) plans.
- Serve as the State’s expert on retirement savings by providing regular updates on regulatory changes and trends in retirement savings for public sector employees.
- Provide recommendations concerning long-term investment policy, objectives, statements and strategy for college bound, the defined contribution plan, and the deferred compensation plan.
- Provide suggestions as to the appropriate benchmarks for the various asset classes and an evaluation of the asset allocations for the plans’ target-date glide paths.
- Monitor investment performance of all plan portfolios and the underlying funds. Provide a quarterly written evaluation of the performance of portfolios and underlying funds including attribution of such performance against benchmarks.
- Provide a relative strength and weakness analysis of all plan investment options against other similar program investment options on at least a quarterly basis including investment and asset trends, underlying fees, and universe evaluations.
- Present findings and recommendations at meetings on a semi-annual basis. Work with the staffs of treasury and state department of administration as needed.
- Assess investment options and underlying fund recommendations made by program managers.
- Assist in drafting, issuing and evaluating RFPs for all program and investment managers if requested.
- Assist in drafting or updating Investment policy statements as needed.
- Assist in monitoring and, when appropriate, offer recommendations for changes to investments including investment philosophy and investment options including underlying funds, asset allocations and glide paths for target-date funds.
(2) All questions must be submitted no later than November 2, 2018.
(3) Contract term will be two years.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: November 16,2018
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1113
Government Authority located in Providence, Rhode Island; USA based organization looking for expert vendor for independent investment consulting services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide independent investment consulting services to assess the investments of the 529, 401(a) and 457(b) plans, to provide input and analysis for investment options and to advise on investment policy to the government authority located in Providence, RI.
A. Serve as the State’s expert on the national college savings landscape and offer recommendations regarding investment option(s) and underlying investments to position college bound as a “best in class” state-sponsored college savings program. Provide regular updates of economic, regulatory and market conditions that could impact 529 investments.
B. Serve as the State’s expert on public sector deferred compensation plans and offer recommendations regarding investment option(s) and underlying investments to position the State as providing “best in class” options for deferred compensation plans to qualified employees. Provide regular updates of economic, regulatory and market conditions that could impact 457 plans.
- Serve as the State’s expert on public sector defined contribution plans and offer recommendations regarding investment option(s) and underlying investments to position the State’s defined contribution plan as “best in class.” Provide regular updates of economic, regulatory and market conditions that could impact 401(a) plans.
- Serve as the State’s expert on retirement savings by providing regular updates on regulatory changes and trends in retirement savings for public sector employees.
- Provide recommendations concerning long-term investment policy, objectives, statements and strategy for college bound, the defined contribution plan, and the deferred compensation plan.
- Provide suggestions as to the appropriate benchmarks for the various asset classes and an evaluation of the asset allocations for the plans’ target-date glide paths.
- Monitor investment performance of all plan portfolios and the underlying funds. Provide a quarterly written evaluation of the performance of portfolios and underlying funds including attribution of such performance against benchmarks.
- Provide a relative strength and weakness analysis of all plan investment options against other similar program investment options on at least a quarterly basis including investment and asset trends, underlying fees, and universe evaluations.
- Present findings and recommendations at meetings on a semi-annual basis. Work with the staffs of treasury and state department of administration as needed.
- Assess investment options and underlying fund recommendations made by program managers.
- Assist in drafting, issuing and evaluating RFPs for all program and investment managers if requested.
- Assist in drafting or updating Investment policy statements as needed.
- Assist in monitoring and, when appropriate, offer recommendations for changes to investments including investment philosophy and investment options including underlying funds, asset allocations and glide paths for target-date funds.
(2) All questions must be submitted no later than November 2, 2018.
(3) Contract term will be two years.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: November 16,2018
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$