Texas Abilene Civic Plus #CB-2722

Independent consulting and investment advisory services for Abilene’s governmental 457(b) plan

The City of Abilene is seeking an independent adviser for its governmental 457(b) retirement plan under RFP CB-2722. - Government buyer: City of Abilene, Texas; Human Resources, with evaluation by the Human Resource Office and Benefits Committee; Office of the Purchasing Administrator. - Service requested: Independent consulting and investment advisory services for the City’s governmental 457(b) deferred compensation plan. No product quantities or part numbers are specified. - Scope: Support fiduciary governance and the Investment Policy Statement; research, monitor, report on, and recommend investments; benchmark fees and oversee the recordkeeper; advise on plan design, regulation, and compliance; review participant outcomes and education; and provide meetings, strategic planning, reporting, and implementation or procurement support. - Notable requirements: The adviser must remain independent of the recordkeeper and investment providers, disclose compensation and conflicts, and provide transparent fixed-fee pricing where possible, with attention to participant savings and value. - OEMs and named vendors: No OEMs, service providers, or prospective vendors are named in the opportunity.

Description

The City of Abilene is seeking proposals for consulting and investment advisory services for its independent governmental 457(b) retirement plan. The RFP requests services as described in its specifications and includes requirements for proposal submission, service responses, and a professional services contract. Proposals are due December 18, 2026, at 3:00 PM. Proposals must be submitted sealed to the City of Abilene Purchasing Administrator.

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