New York State Contract Reporter #2140348

SUNY fiduciary consulting services for university-wide defined-contribution retirement plans

SUNY is seeking a fiduciary consultant to advise its university-wide Defined Contribution retirement plans and benefits office. - Government buyer: State University of New York (SUNY), through SUNY System Administration, the University-Wide Benefits Office/Department, and University-wide Procurement; the solicitation identifies Annabella Clark. - Scope: Full-service, objective retirement-plan consulting and fiduciary advice for the ORP, VSP, VDC, and frozen Pre-1990/Classified TDA plans. - Plans collectively cover approximately 140,000 participants and $32.9 billion in assets. - Services include investment oversight and due diligence; vendor, recordkeeper, and operational management; governance, compliance, and plan-document support; participant education and financial wellness; multi-vendor data aggregation and dashboard reporting; and campus engagement and onsite support. - Includes approximately 286 annual meetings and management of the ICanRetire platform in coordination with Capital Group. - Notable requirements: The consultant must accept fiduciary responsibilities, demonstrate relevant defined-contribution and higher-education experience, analyze annuity contract costs and value, review general accounts, and meet regulatory and digital accessibility requirements. - Term: Three years, with an option for a two-year extension; start date is not specified. - Products and quantities: No physical products, part numbers, or fixed service-unit quantities are specified; this is a retainer-based consulting engagement.

Description

SUNY is seeking a full-service retirement plan consulting firm for its Defined Contribution Retirement Plans. The selected firm will serve as a fiduciary to SUNY’s University-wide Benefits Office and Plans and provide objective, third-party investment-related advice and counsel. The work includes consulting on plan investments, analyzing annuity contract costs and value, and reviewing general accounts. The contract term is three years, and proposals are due November 27, 2026, at 3:00 PM.

View original listing