Texas DIR/ESBD #TRS000679

TRS Solicits Professional Audit Services for Retirement and Pension Plans

The Teacher Retirement System of Texas (TRS) is seeking qualified vendors to provide professional audit services for its retirement and pension plans. - Government Buyer: - Teacher Retirement System of Texas (TRS) - Procurement & Contracts Office, Austin, Texas - Services Requested: - Professional audit services for TRS retirement and pension plans - Financial statement audits (fiscal years 2026–2032) - Audits of GASB 68 and 75 schedules - Internal controls and compliance audits - Required supplementary information and ACFR compliance review - GASB implementation support - Preparation of audit reports and presentations to the TRS Board of Trustees - Cooperation with the Texas State Auditors Office as a component auditor - Key Requirements: - Minimum five years of pension audit experience - Key personnel must have CPA licensure and relevant experience - Compliance with Texas Government Code Section 825.103 - Execution of a HIPAA-compliant Business Associate Agreement (BAA) due to access to Protected Health Information (PHI) - Submission of a Veteran Heroes United in Business (VetHUB) Subcontracting Plan - Fixed or hourly pricing, inclusive of all costs, with no escalation for renewals - No specific OEMs or named vendors are identified in the solicitation - Estimated contract value: approximately $2,500,000 - Period of Performance: - Initial term of two years, with three optional one-year renewals - Place of Performance and Key Locations: - TRS Headquarters: 1900 Aldrich Street, Austin, Texas 78723 - TRS Procurement & Contracts Office: 4655 Mueller Boulevard, Austin, Texas 78723

Description

The Teacher Retirement System of Texas (TRS) issued this Request for Proposal (RFP) to solicit qualified respondents with substantial experience in auditing retirement or pension plans to provide professional audit services. The scope of work is detailed in the Draft Contract section of the solicitation. The contract term is initially two years with three one-year optional renewals. The procurement is conducted under Texas Government Code Section 825.103, and the estimated contract value is $2,500,000.

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