Attachment F - List of Authorized Products.pdf

Attachment F is a product authorization list for ITB No. DMS-25/26-039, issued by the State of Florida Department of Management Services, Division of Retirement, for investment consulting and monitoring services supporting the State University System Optional Retirement Program (SUSORP) and the Senior Management Service Optional Annuity Program (SMSOAP). The solicitation requires the selected contractor to deliver minimum quarterly investment reviews and reports within 20 business days of each quarter-end date (March 31, June 30, September 30, and December 31), one comprehensive annual investment review and reports due within 20 business days of December 31, and verbal performance reviews within 25 business days of quarter-end dates, in addition to ad hoc consulting services as needed. The question deadline is May 1, 2026, with bid submissions due May 20, 2026, at 2:00 PM Eastern Time and public opening scheduled for May 20, 2026, at 3:00 PM Eastern Time in Tallahassee, Florida. The initial contract term commences August 8, 2026, with potential renewal for up to three additional years, with the anticipated Notice of Intent to Award issued on June 1, 2026.

Attachment F lists 34 authorized investment products comprising 25 mutual funds, six fixed accounts, and three annuity options from providers including Vanguard, DFA, JP Morgan, State Street, Corebridge, Voya, and Equitable. Award will be made to the responsive and responsible bidder submitting 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 for SUSORP include Equitable, TIAA, VALIC, and Voya Financial, while SMSOAP is served by Empower, TIAA, VALIC, and Voya Financial; however, the solicitation does not restrict bidders from these organizations. 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, with all quarterly payments made in arrears and funding sourced from the Optional Retirement Program Trust Fund.