Addendum No. 2.pdf
PDF 151 KB Posted
- Attached to
- DMS-2425-199, (SUSORP and SMSOAP)
- Solicitation number
- ITN-12499
- Issued by
- Alachua County, Graceville City, Florida
About this file
This document is Addendum No. 2 to an Invitation to Negotiate (ITN) No. DMS-24/25-199 issued by the Florida Department of Management Services for the State University System Optional Retirement Program (SUSORP) 403(b) and Senior Management Service Optional Annuity Program (SMSOAP) 401(a). The addendum updates the timeline of events for the procurement, with key dates including the solicitation posting on April 30, 2025, questions deadline on May 16, 2025, and June 10, 2025 for department responses. The deadline to submit replies and mandatory responsiveness requirements is set for July 14, 2025, at 2:00 p.m. Eastern Time, with a public opening at 3:00 p.m. the same day. The anticipated evaluation phase is scheduled from July 16, 2025, to August 20, 2025, followed by a negotiations phase from August 27, 2025, to October 29, 2025. The department plans to post a Notice of Intent to Award on November 4, 2025, with the contract start date upon execution.
The procurement seeks a comprehensive retirement program service provider for approximately 18,000 SUSORP members across twelve state universities and 95 SMSOAP members. The contract will be compensation-based through fees charged to program members, with no costs to the Department or employers. Vendors must demonstrate experience managing retirement plans with over 19,000 active members and $3 billion in assets. Current service providers include Corebridge Financial, Equitable, TIAA, and Voya. The solicitation requires vendors to offer specific mutual funds and a Fixed Account/Guaranteed Income Product, with an option to propose annuity products. Vendors are prohibited from adding additional fees or engaging in revenue sharing. The evaluation will use a 500-point technical scoring system and a 300-point cost evaluation, assessing factors such as corporate experience, proposed personnel, approach, methodology, and technical capabilities.
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Text version
Addendum No. 2
Invitation to Negotiate
DMS-24/25-199
STATE UNIVERSITY SYSTEM OPTIONAL RETIREMENT
PROGRAM (SUSORP) 403(B)
and
SENIOR MANAGEMENT SERVICE OPTIONAL ANNUITY
PROGRAM (SMSOAP) 401(A)
FAILURE TO FILE A PROTEST WITHIN THE TIME PRESCRIBED IN SUBSECTION 120.57(3), FLORIDA STATUTES (AS ALTERED BY SECTION 110.123(3)(D)4, FLORIDA STATUTES), OR FAILURE TO POST
THE BOND OR OTHER SECURITY REQUIRED BY LAW WITHIN THE TIME ALLOWED FOR FILING A
BOND SHALL CONSTITUTE A WAIVER OF PROCEEDINGS UNDER CHAPTER 120, FLORIDA
STATUTES.
Any protest concerning this agency decision or intended decision must be timely filed with the Agency Clerk.
Protests may be filed by courier, hand delivery, or U.S. mail at Department of Management Services, Office of the General Counsel, Attention: Agency Clerk, 4050 Esplanade Way, Suite 160, Tallahassee, FL 32399-0950.
Protests may also be filed by fax at 850-922-6312 or by email at agencyclerk@dms.myflorida.com. It is the f iling party’s responsibility to meet all f iling deadlines.
mailto:agencyclerk@dms.myflorida.com
DMS-24/25-199 Page 2 of 3 State University System Optional Retirement Program (SUSORP) 403(B) and Senior Management Service Optional Annuity Program (SMSOAP) 401(A)
ITN No. DMS-24/25-199 is hereby amended as noted below.
All language additions are underlined, and all language deletions are stricken, respectively. All additions are highlighted for ease of identif ication.
In the event of a conflict between previously released information and the information contained herein, the information herein shall control. The information included in this addendum is now made part of this solicitation.
This addendum does not need to be returned with the response unless otherwise indicated in the solicitation.
1. Section 1.10, Timeline of Events, is hereby revised as follows:
Timeline of Events Event Time
(Eastern Time) Event Date
Solicitation posted in MFMP and VIP April 30, 2025
Deadline to submit questions to the Procurement Officer 11:59 p.m. May 16, 2025
Department’s anticipated posting of answers to
Respondent’s questions in MFMP and VIP June 10, 2025
Deadline to submit additional questions to the Procurement
Officer 4:30 p.m. June 13, 2025
Department’s anticipated posting of answers to
Respondents’ additional questions in MFMP and VIP June 17, 2025
Deadline to submit a Reply and all mandatory responsiveness requirements in MFMP 2:00 p.m. July 14, 2025
Public Opening
-In Person- Conference Room 101 4050 Esplanade Way Tallahassee, Florida 32399-0950
-Teleconference- Conference call phone number: 1.888.585.9008 Conference room number: 984-544-099
3:00 p.m. July 14, 2025
Anticipated Evaluation Phase
July 16, 2025 to
August 20, 2025
DMS-24/25-199 Page 3 of 3 State University System Optional Retirement Program (SUSORP) 403(B) and Senior Management Service Optional Annuity Program (SMSOAP) 401(A)
Timeline of Events Event Time
(Eastern Time) Event Date
Anticipated Negotiations Phase
August 27, 2025 to
October 29, Anticipated Negotiation Team Public Meeting
Conference Room 101 4050 Esplanade Way Tallahassee, FL 32399
11:00 a.m.
October 31, Anticipated date to post Notice of Intent to Award in MFMP and VIP
November 4, Anticipated Contract start date Upon execution
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