120961 O5 FinalEvaluationDocument.pdf

This Final Evaluation Document is from the Nebraska Department of Administrative Services, State Purchasing Bureau, detailing the evaluation results for RFP #120961 O5 for Actuarial Services. The RFP was opened on Friday, March 21, 2025, at 2:00 PM, with four consulting firms evaluated: Cavanaugh MacDonald Consulting, Gabriel, Roeder, Smith & Company, Milliman, Inc., and The Segal Company. The evaluation assessed three key criteria: Corporate Overview (25 possible points), Technical Approach (65 possible points), and Cost Proposal (10 possible points), with a total of 100 possible points.

The evaluation results show Cavanaugh MacDonald Consulting ranking first with 96.87 total points, followed by Milliman (95.16 points), Gabriel, Roeder, Smith & Company (94.85 points), and The Segal Company (93.93 points). The scoring was relatively close across the four firms, with variations most notable in the Technical Approach and Cost Proposal sections. Each firm's performance was scrutinized across the three evaluation criteria, demonstrating a comprehensive assessment process for selecting an actuarial services provider for the Nebraska Public Employees Retirement Systems (NPERS), which manages approximately $21 billion in assets across six retirement systems and one deferred compensation plan.