California eProcure #Doc5642859905

CalSTRS Defined Contribution Program Consultant Solicitation

CalSTRS is seeking a Defined Contribution Program Consultant to support its Pension2 and 403bCompare programs. - Government Buyer: - California State Teachers Retirement System (CalSTRS) - Retirement Readiness Division - Central Procurement Analyst: Peter Yu - Services Requested: - Defined Contribution Program Consultant Services - Investment oversight - Fiduciary governance - Recordkeeper oversight and accountability - Fee benchmarking and cost analysis - Regulatory compliance - Plan administration support - Program advisory, design, and governance - Legislative monitoring and strategic recommendations - Up to 300 hours of service annually - Contract Details: - Initial term up to two years, with a one-year extension option - Annual fee increases capped at 5% - Consultant must have experience with public-sector 403(b) and 457(b) plans - Unique Requirements: - No specific OEMs or vendors named - Consultant acts as an independent strategic advisor - Services cover multiple counties in California - Electronic proposal submission required - Participation in Small Business and Disabled Veteran Business Enterprise preference programs - Classification: - UNSPSC code 80101504 (management consulting services)

Description

CalSTRS is seeking a Defined Contribution Program Consultant to provide specialized expertise in investment oversight, fiduciary governance, recordkeeper oversight and accountability, fee benchmarking and cost analysis, regulatory compliance, and plan administration support for its defined contribution programs. The consultant will serve as an independent strategic advisor to CalSTRS staff by providing objective analysis, industry benchmarking, legislative and regulatory guidance, and actionable recommendations that strengthen program governance and enhance retirement readiness outcomes for California educators. The solicitation includes a non-mandatory pre-bid conference and covers service areas across multiple counties in California. Proposals must be submitted electronically by July 6, 2026, 2:00 PM PDT.

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