Frederick Ionwave #RFP 26-I Addendum 2

Award for Actuarial Services for Retirement and Post-Employment Benefits for the City of Frederick

This award notice details the selection of Bolton Partners, Inc. to provide actuarial services for the City of Frederick's retirement and post-employment benefit plans. - Government Buyer: - City of Frederick, Maryland - Awarded Vendor: - Bolton Partners, Inc. - Other Vendors of Interest: - ABM Electrical Power Solutions - Athena Actuarial Consulting - Boomershine Consulting Group - Gabriel, Roeder, Smith & Company - PRM Consulting Group - Segal - Sparkling Endeavors LLC - The Howard E. Nyhart Company - Trusted1 Consulting Services, LLC - Services Requested: - Actuarial valuations for retirement and post-employment benefits - Preparation of GASB 67 and 68 reports - Development of administrative forms to support plan operations - Potential provision of software solutions for HR staff to run benefit calculations - Option for an online benefit portal - Notable Requirements: - Preference for vendors registered with the Society of Actuaries and/or Joint Board - Emphasis on efficient turnaround times for benefit calculations - No specific part numbers or product quantities are listed, as this is a professional services contract.

Description

The City of Frederick issued a Request for Proposal (RFP) for actuarial services related to retirement and post-employment benefits. The scope includes providing actuarial valuations, GASB 67 and 68 reports, and potentially software solutions for benefit calculations. The city seeks quicker turnaround times on calculations and efficient administrative forms to support plan operations. The awarded supplier is Bolton Partners, Inc., and all submissions were required via the specified platform.

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