Attachment F - List of Authorized Products.pdf

This is Attachment F (List of Authorized Products) supporting Invitation to Bid No. DMS-25/26-039 for Investment Consulting and Monitoring Services issued by the State of Florida Department of Management Services, Division of Retirement. The solicitation seeks a contractor to provide investment consulting and monitoring services for the State University System Optional Retirement Program (SUSORP) and the Senior Management Service Optional Annuity Program (SMSOAP). The contractor must deliver minimum quarterly investment reviews and reports due within 20 business days of quarter-end dates (March 31, June 30, September 30, and December 31), one comprehensive annual investment review due within 20 business days of December 31, verbal performance reviews within 25 business days of quarter-end dates, and ad hoc consulting services as needed. The authorized product list comprises 25 mutual funds, six fixed accounts, and three annuity options from providers including Vanguard, DFA, JP Morgan, State Street, Corebridge, Voya, and Equitable. The question deadline is May 1, 2026, with bid submissions due by May 20, 2026, at 2:00 PM Eastern Time and a public opening on May 20, 2026, at 3:00 PM Eastern Time. Award is anticipated on June 1, 2026, with a contract start date of August 8, 2026. The initial contract term is three years with potential renewal for up to three additional years.

The award will be made to the lowest total weighted price using the formula: Initial Term Reviews and Reports (50%) + Renewal Term Reviews and Reports (40%) + Initial and Renewal Terms Ad Hoc Consulting Services (10%). The historic annual spend for these services is approximately $12,000 for informational purposes only and does not represent guaranteed or minimum spend. Current service providers include Equitable, TIAA, VALIC, and Voya Financial for SUSORP, and Empower, TIAA, VALIC, and Voya Financial for SMSOAP. All prices must remain firm for the life of the contract with no price adjustments permitted. The contractor must obtain commercial general liability insurance of $1,000,000 per occurrence and $2,000,000 aggregate, workers' compensation insurance as required by law, and professional indemnity insurance of $250,000 per claim and in aggregate. All payments will be made quarterly in arrears and funded from the Optional Retirement Program Trust Fund. There are no specific set-aside designations or restrictions limiting participation to particular business types or disadvantaged enterprises.