13-RFQ Addendum 1.pdf

Addendum #1 for the Agency for Community Transit details modifications to a solicitation for 403(b) Retirement Plan Consulting Services, identified by IFB No. 25-2-16001. The addendum, issued on October 22, 2025, maintains the original bid deadline of October 29, 2025, at 2:00 PM CT and includes an attachment of Questions and Answers for potential bidders. The document is signed by the Director of Grants and Procurement and provides clarification for the ongoing procurement process.

The addendum includes two specific questions from potential bidders. The first question addresses the possibility of hiring the same provider for both consultant services and plan participant services, to which ACT responds by referencing section 1.2 on "Separation of 403(b) Service Functions". The second question inquires about the availability of the Retirement Plan Consulting Services "seat", with ACT directing the bidder to see Section 3.9 on "Incumbent Contractors". The document suggests that the agency works comprehensively with public sector entities, typically serving as both a plan-level fiduciary and providing individual and group participant services.