Mount Prospect Village Demandstar #PW22-0-2026/JL

Plan Fiduciary and Investment Advisor Services for Village of Mount Prospect Retirement Plans

This opportunity involves the Village of Mount Prospect seeking a qualified Plan Fiduciary and Investment Advisor for its employee retirement plans. - Government Buyer: - Village of Mount Prospect, Cook County, Illinois - OEMs and Vendors Mentioned: - Nationwide (current plan administrator) - Mission Square Retirement (current plan administrator) - Products/Services Requested: - Fiduciary oversight and investment advisory services for: - 457b deferred compensation plans - Retirement Health Savings accounts - Oversight of approximately $60.8 million in assets - Plans currently managed by Nationwide ($20.3M, 120 participants) and Mission Square Retirement ($40.5M, 302 participants) - Unique or Notable Requirements: - Experience with public sector retirement plans - Ability to advise on and manage plans administered by both Nationwide and Mission Square Retirement - No specific product part numbers or purchase quantities, as this is a professional services engagement

Description

The Village of Mount Prospect is seeking a qualified individual or firm to serve as the Plan Fiduciary and Investment Advisor for its 457b deferred compensation plans and Retirement Health Savings accounts. The Village currently has approximately 330 employees participating in these plans, with assets managed through Nationwide and Mission Square Retirement totaling approximately $60.8 million. The services include fiduciary and investment advisory roles for these retirement plans. The solicitation is a Request for Qualifications (RFQ) with a response deadline of July 15, 2026.

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