This Request for Proposal (RFP) is issued for actuarial and consulting assistance for the period July, 2016 through December, 2018. Responses to this RFP are due 5:00pm June 24th CDT. The NDPERS Board will select a consultant at its July/August meeting.
The Board is seeking fixed fee bids for the following efforts:
Based on its review, the successful bidder must also be prepared to make a recommendation to the NDPERS Board for each of the above efforts.
Following is a sequence of major activities.
|Begin work on life RFP. The consultant and PERS will meet to discuss the upcoming work schedule.|
|Submit life RFP to PERS Board for approval. Begin work on vision RFP.|
|Issue life RFP.|
|Submit vision RFP to PERS Board for approval. Receive & begin evaluation of life RFP’s.|
|Issue vision RFP. Submit life evaluation to NDPERS Board. The consultant should plan to attend this NDPERS meeting via conference call.|
|Interview and select life vendor. The consultant should plan to attend this NDPERS meeting|
|Receive and begin evaluation of vision RFP’s.|
|Submit vision evaluation to NDPERS Board. The consultant should plan to attend this NDPERS meeting via conference call.|
|Interview and select vision vendor. The consultant should plan to attend this NDPERS meeting.|
|Begin work on dental RFP.|
|Submit dental RFP to PERS Board for approval. Consultant should be available either by teleconference or video conference to review and answer questions for the Board.|
|Issue dental RFP|
|Receive and begin evaluation of dental RFP’s.|
|Submit dental evaluation to NDPERS Board. The consultant should plan to attend this NDPERS meeting via conference call.|
|Interview and select dental vendor. The consultant should plan to attend this NDPERS meeting.|
This Request for Proposal is to provide technical assistance to prepare and analyze a request for proposal for recordkeeping and investment services for its 457 plan and 401(a) defined contribution plan.
This Request for Proposal (RFP) is divided into three sections. Section 1 gives general information and requirements. Section 2 specifically describes the services requested. Section 3 details the specific information that bidders are required to submit in response to this RFP.
The timeline for the services under this contract are:
|Begin Work effort|
|First draft of RFP for PERS Board Review|
|Final draft of RFP for PERS Board Approval|
|Review analysis of proposals with Board|
|Vendor interview and award|
|Transition month if necessary|
|Start of new contract|