ESBD_392226_1743537590565_ESBD Notice of Publishing - Texa$aver.docx
DOCX document 32 KB Posted
- Solicitation number
- 23-13169-001
- Issued by
- Texas
About this file
This document is a Request for Proposals (RFP) issued by the Employees Retirement System of Texas (ERS) seeking a third-party administrator for the Texa$aver 401(k) / 457 Program. The solicitation (No. 23-13169-001) is for comprehensive program administration services, including recordkeeping, communication, education, custodial trustee services, investment advisor, and participant investment advisor management services. Proposals must be submitted via Bonfire, with the Minimum Requirements Questionnaire due by May 13, 2025 at 10:00 a.m. CT and all proposal materials due by June 5, 2025 at 10:00 a.m. CT. The anticipated contract period will begin upon execution and extend for six years through December 31, 2032.
ERS reserves multiple rights in this procurement, including the ability to rebid the RFP, reject non-compliant proposals, and revise RFP provisions as deemed necessary. The agency will not reimburse respondents for proposal preparation costs and is not legally obligated to execute a contract. Potential respondents must meet specific minimum requirements outlined in Appendix F of the RFP. For questions, vendors can contact Frederick Fernandez, Procurement Specialist, via Bonfire or email at ivendorquestions@ers.texas.gov, with the agency's mailing address located in Austin, Texas.
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| File | Type | Posted |
|---|---|---|
| ESBD_392226_1743688568285_ESBD Notice of Publishing - Texa$aver.docx | DOCX document |
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Text version
EMPLOYEES RETIREMENT SYSTEM OF TEXAS
REQUEST FOR PROPOSALS TO PROVIDE
THIRD PARTY ADMINISTRATIVE SERVICES FOR THE TEXA$AVERSM 401(K) / 457 PROGRAM
SOLICITATION NO. 23-13169-001
NIGP CODE: 946-72
The Employees Retirement System of Texas (ERS) has issued a Request for Proposals (RFP) seeking a qualified third party administrator (Respondent) to provide program administration services (i.e., recordkeeping, communication, education, including in-person; custodial trustee services, investment advisor, and Participant investment advisor management services). Respondent shall provide the level of services required in the RFP and meet other requirements that are in the best interests of ERS, its members, and the state of Texas (State). Respondent shall be required to execute a contract (Contract) provided by, and satisfactory to, ERS for a period that begins upon execution of the Contract by and, after the Implementation Period, extend for six (6) years through December 31, 2032, subject to the terms of the Contract.
To be eligible for consideration, Respondent is required to submit its response to the RFP (Proposal) in accordance with the instructions set forth in the RFP. Respondents must meet the Minimum Requirements set forth in the Minimum Requirements Questionnaire (Appendix F). The Minimum Requirements Questionnaire shall be received by ERS via Bonfire no later than May 13, 2025 at 10:00 a.m. CT. All Proposal materials shall be received by ERS via Bonfire no later than June 5, 2025 at 10:00 a.m. CT.
ERS reserves the right to rebid the RFP if deemed by ERS to be in the best interests of ERS, its members, and/or the State. ERS also reserves the right to reject any Proposal submitted that does not fully comply with the RFP’s instructions and criteria. ERS is under no legal requirement to execute a Contract on the basis of this notice or upon issuance of the RFP and will not pay any costs incurred by any Respondent in connection with the preparation of a Proposal. ERS also reserves the right to revise any provisions set forth in the RFP at any time prior to execution of a Contract where ERS deems it to be in the best interests of ERS, its members, and/or the State.
Any general questions should be sent to ERS’ point of contact, Frederick Fernandez, Procurement Specialist, via Bonfire or ivendorquestions@ers.texas.gov. ERS’ mailing address is P.O. Box 13207, Austin, Texas 78711-3207.
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