NIGP 94672: Retirement Planning Servcies

NIGP 94672 Retirement Planning Services is an Item code covering recordkeeping, administration, and investment advisory services for government employee retirement plans. State and local governments are actively procuring consolidated administrative platforms that combine participant recordkeeping, plan compliance, education, and investment oversight functions, often bundling previously fragmented service providers into single vendors capable of managing substantial plan assets and multiple participant accounts. Issuing bodies include municipal governments and public housing authorities, with the City of Lubbock, Texas and Opportunity Home San Antonio (the Housing Authority of the City of San Antonio) appearing as recent active buyers seeking to streamline multi-million-dollar plan administration.

Texas is the primary source of current activity under this code. The City of Lubbock issued RFP 26-19659-KM (due June 11, 2026) seeking a vendor to consolidate three separate 457(b) deferred compensation plans representing $38.2 million in total assets across 1,102 participant accounts, with pre-proposal conference on May 26, 2026, and target implementation in September 2026; proposers must demonstrate at least five years' experience administering governmental 457(b) plans and current administration of at least $1 billion in retirement plan assets. Opportunity Home San Antonio issued RFP 26055686 (due June 3, 2026) and previously RFP 26035661 (due April 1, 2026) seeking investment advisory services for its employee Money Purchase Pension Plan, with proposals evaluated on experience, methodology, financial capability, investment manager selection, and fees; the latter RFP was subject to HUD Section 3 compliance requirements mandating good faith efforts toward Section 3 worker utilization and subcontracting targets, and proposers were required to obtain $1 million professional liability insurance and SEC registration as investment advisors. Both procurement vehicles used RFP notice type with response dates in the June 2026 window.