University of Alabama Posting Board #UA26-131

University of Alabama System Seeks Investment Consulting and Monitoring Services for Retirement Plans

The University of Alabama System is seeking proposals for investment consulting and monitoring services for its voluntary retirement and deferred compensation plans. - Government Buyer: - The Board of Trustees of The University of Alabama, System Office, and three constituent campuses - Services Requested: - Investment consulting and monitoring services for multiple retirement plans (403(b), 415(m), 457(b), 401(a)) - Services include: - Quarterly investment review meetings - Investment consulting due diligence - Advising on investment option selection and monitoring - Negotiating recordkeeper fees - Employee education strategy - Oversight of plan services and compliance - Evaluation of recordkeepers - RFP development and management - Legal and regulatory updates - Liaison services and preparation of reports/presentations - Notable Requirements: - Respondents must be SEC-registered investment advisors - Must provide references and demonstrate experience with large retirement plans - Services are paid on an annual fee basis, invoiced quarterly - Contract term options: three or five years, with other terms considered - Current recordkeeper for all plans is TIAA (not the subject of this procurement, but relevant context) - No specific OEMs or product part numbers are involved, as this is a professional services procurement

Description

The University of Alabama System Office is soliciting proposals for Investment Consulting and Monitoring Services for its voluntary Retirement and Deferred Compensation Plans. The contract will cover services related to multiple retirement and deferred compensation plans maintained by the University of Alabama System, including 403(b), 415(m), 457(b), and 401(a) plans. The solicitation requires electronic submission of proposals by August 3, 2026, and all communications should be directed to the specified contact. The University of Alabama System serves as the plan sponsor and fiduciary for these plans, which collectively manage billions in assets and tens of thousands of participants.

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