Attachment F - Quarterly Authorized Product Performance and Fee Report.pdf

Attachment F is a quarterly performance and fee reporting template for the Florida Department of Management Services (DMS), Division of Retirement, related to the State University System Optional Retirement Program (SUSORP) and Senior Management Service Optional Annuity Program (SMSOAP). The template is designed to capture detailed performance metrics for investment funds, including quarterly and multi-year returns, Sharpe ratios, standard deviations, Morningstar star ratings, net expense ratios, and manager tenure across various investment categories. This standardized reporting format will be used by potential service providers to document the performance of their investment products as part of the ITN No. DMS-24/25-199 solicitation.

The reporting template allows for comprehensive comparative analysis of investment performance, enabling the DMS to evaluate and compare potential service providers' investment offerings across multiple dimensions. The document supports the broader procurement effort to select a bundled service provider for defined contribution retirement services covering approximately 18,000 SUSORP members and 95 SMSOAP members. The selected vendor will be responsible for recordkeeping, administrative services, member self-service systems, data management, tax processing, education and communication services, and investment management. The contract will be compensation-based through fees charged to program members, with no direct costs to the Department or employers, and will require the selected vendor to maintain a $2 million performance bond or irrevocable letter of credit.