District of Columbia Cobblestone Systems #CFOPD-23-C-012

Award for 401(a) and 457(b) Benefit Plan Consulting Services for DC Office of Finance & Treasury

This award summary covers the District of Columbia's contract with Segal Marco Advisors for benefit plan consulting services: - Government Buyer: - District of Columbia Office of the Chief Financial Officer (OCFO), Office of Finance & Treasury (OFT), Office of Contracts - OEMs and Vendors: - Segal Advisors Inc. DBA Segal Marco Advisors (primary and only vendor) - Products/Services Requested: - Expert advisory and project execution services for the District's 401(a) Defined Contribution Plan and 457(b) Deferred Compensation Plan - Services include: - Quarterly investment analysis of plan funds - Proposal evaluation and negotiation support for program/investment managers - Implementation assistance for new service contracts - Ongoing consulting, audit response, and fee reviews - Annual review of plan websites for compliance and accuracy - Annual updates to investment policy documents - Quantities and Part Numbers: - No specific part numbers; services are delivered as needed under an IDIQ structure - Contract ceiling is $900,000 per period, with a total not-to-exceed value of $3,600,000 after exercised options - Unique or Notable Requirements: - Blended hourly rates ($365-$375) depending on contract year - Contract includes four one-year option periods (three exercised) - Services must meet high standards for financial, technical, and ethical responsibility - All work is focused on supporting the District's retirement benefit plans for employees - Place of Performance and Delivery: - All services are performed for the District of Columbia government, with key offices at 1100 4th Street SW, Washington, DC

Description

The District of Columbia Office of the Chief Financial Officer, Office of Contracts, on behalf of the Office of Finance & Treasury (OFT), requires expert advisory services and project execution assistance for its 401(a) Defined Contribution Plan and 457(b) Deferred Compensation Plan. The contract is awarded to Segal Advisors Inc. DBA Segal Marco Advisors. The contract includes four one-year option periods, with three options already exercised, and the current term runs from June 15, 2026, to June 14, 2027. The contract type is an Indefinite Delivery Indefinite Quantity (IDIQ) with a cost reimbursement component, and the maximum not-to-exceed value has been increased through modifications to $3,600,000.00.

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