Alaska Online Public Notices #223550

Alaska Railroad Corporation Retirement Plan Administration and Recordkeeping Services RFP

The Alaska Railroad Corporation (ARRC) is seeking proposals for comprehensive retirement plan administration and recordkeeping services for its 401(k) and 457(b) plans, which serve approximately 800 eligible employees and hold about $161 million in assets. - Government Buyer: - Alaska Railroad Corporation (ARRC), a State of Alaska entity - Services Requested: - Full administration and recordkeeping for 401(k) and 457(b) retirement plans - Participant education and communication - Investment-related services and support - Transition support for plan changes - Investment Menu (OEMs highlighted): - Funds from Allspring, American Funds, Fidelity, Loomis Sayles, MFS, Putnam, T Rowe Price, Vanguard, and Victory Integrity - Specific funds include: Allspring Special Mid Cap Value R6 (WFPRX), American Funds Eupac R6 (RERGX), Fidelity 500 Index (FXAIX), Fidelity Extended Market Index (FSMAX), Fidelity Total Intl Index Instl Premium (FTIHX), Fidelity US Bond Index (FXNAX), Loomis Sayles Small Cap Growth N (LSSNX), MFS Growth R6 (MFEKX), MFS Mid Cap Growth R6 (OTCKX), Putnam Stable Value Fund, T Rowe Price Global Multi Sector Bd I (PGMSX), Vanguard Target Retirement Series (various), Vanguard Windsor II Fund - Admiral (VWNAX), Victory Integrity Small Cap Value R6 (MVSSX) - Notable Requirements: - No front-end or back-end charges; full fee disclosure required - Compliance with Alaska laws - Electronic proposal submission with completed questionnaire and exhibits - Incumbent provider is Empower Financial; competitive pricing and service evaluation may result in a new provider - Period of Performance: - Initial contract from January 1, 2027, to December 31, 2029, with up to eight one-year renewal options - Place of Performance: - ARRC Headquarters and offices throughout Alaska, including Anchorage Terminal and Human Resources Department

Description

The Alaska Railroad Corporation is soliciting proposals from qualified firms to provide retirement plan administration, record keeping, education, communications, investment-related, and other services for their 401(k) and 457(b) Plans. The plans had approximately $160 million total as of December 31, 2025. Proposals must be submitted electronically by May 15, 2026, and must include a questionnaire in Word format and the entire exhibit folder electronically. The solicitation aims to evaluate competitive pricing and may result in retaining the current provider or selecting a new one.

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