Award
Office of Finance and Treasury CFOPD-25-C-021A
Accounting Services for 401a, 457 & 529 Plans
Recipient
IBS Management & Consultancy Services
Award Amount
$950,000.00
Ceiling
$950,000.00
Awarded
September 05, 2025
Identifier
CFOPD-25-C-021A
Contract awarded to IBS Management & Consultancy Services to provide accounting services for DC's 401(a), 457(b), and 529 plans with a not-to-exceed amount of $950,000 and option periods extending the contract through 2027.
Description
The District of Columbia Office of the Chief Financial Officer, Office of Contracts, on behalf of Office of Finance & Treasury (OFT) requires the Contractor to provide accounting services for its 401(a) Defined Contribution Plan, 457(b) Deferred Compensation Plan and 529 College Savings Plan (Component I). The contract includes options for six periods, each lasting one year. The current contract term is from September 5, 2026, to September 4, 2027.