26-36HR_Fee_Schedule.docx

This is a fee schedule document for RFP #26-36HR submitted by the City of Sarasota, Florida, in connection with a solicitation for investment consulting services for the City's OPEB (Other Post-Employment Benefits) Trust Fund. The City seeks investment management services to manage its employee benefits trust, which funds health, prescription, dental, and life insurance benefits for retired employees and their eligible dependents. As of the document date, the trust fund maintains a custody account balance of approximately $60 million with anticipated annual outflows of approximately $1,000,000. The City's investment objectives are to maximize returns while adhering to specified risk parameters detailed in an attached Investment Policy Statement (Exhibit A).

The fee schedule requests that prospective consultants provide asset-based fee structures expressed in basis points with defined breakpoints for various portfolio value thresholds (First $Million, Next $Million, Next $Million, and Next $Million). Respondents must clearly describe their methodology for calculating fees based on assets under management. The pricing structure serves as a key evaluation criterion for the City's selection of an investment consultant to manage the OPEB Trust Fund consistent with its established investment and risk guidelines.