PUR 7776 Description of Intended SS 9-15.pdf

PUR 7776 (Revised 07/2022) Page 1 of 2

Incorporated by Reference: Rule 60A-1.045, F.A.C.

DESCRIPTION OF INTENDED

SINGLE SOURCE PURCHASE

(PUR 7776)

AGENCY: Department of Management Services

TITLE: Pension Administration Benchmarking Services

Short description of the commodity or service desired: 84111501-Cost

Accounting/Benchmarking Services

CONTACT

Name: Araceli Serna

Address: 4050 Esplanade Way

Telephone: 850-414-7529

Email: araceli.serna@dms.fl.gov

Internal tracking number, if any: DMS-26/27-080

Date posted: 9/15/2026 Last day for receipt of information: 10/5/2026

This description of commodities or contractual services intended for purchase from a single source is posted in accordance with Sections 120.57(3) and 287.057(3), Florida Statutes (F.S.), and will remain posted for a period of at least 15 business days.

Commodity or Contractual Service Required (commodity or United National Standard Products and Services Code (UNSPSC), manufacturer, model, and description, as appropriate):

84111501-Cost Accounting/Benchmarking Services

Quantity or Term (as appropriate):

Three (3) years effective upon issuance of the first purchase order in MFMP.

Requestor (division, bureau, office, individual, as appropriate):

Division of Retirement

Performance and/or Design Requirements (e.g. intended use, function or application, compatibility, requirements; reference to policy, rule, statute or other act of the Legislature, etc., as appropriate):

Per Chapter 121, F.S., the Department has been designated as the entity responsible for administering the Florida Retirement System (FRS), which is currently one of the largest state retirement systems in the US with more than 1.2 million active, retired, and terminated vested and non-vested members and $212.6 billion in assets.

The Department presently engages pension administration benchmarking services. It maintains that the systematic collection of standardized key data—coupled with comprehensive peer-

PUR 7776 (Revised 07/2022) Page 2 of 2

Incorporated by Reference: Rule 60A-1.045, F.A.C.

system comparisons—will continue to support the Department in identifying and executing best practices designed to optimize efficiencies and achieve cost reductions.

Intended Single Source:

Pension Administration Benchmarking Services from CEM Benchmarking, Inc.

Estimated Dollar Amount:

$189,000.00

Justification for single source acquisition (what is necessary and unique about the product, service or source; steps taken to confirm unavailability of competition, as appropriate):

CEM Benchmarking possesses a unique, proprietary service score model that evaluates over 700 distinct data points. This provides an objective, standardized, apples-to-apples comparison of plan administration service relative to custom, similarly sized peer groups. This quantitative service analysis is seamlessly integrated with in-depth cost benchmarking to deliver a holistic view of true value-for-spend. CEM is uniquely positioned in the industry; no other known vendor collects data at this level of granularity, nor enforces the same rigorous multi-level screening and validation process to ensure data integrity. Furthermore, their longitudinal database contains nearly 30 years of historical data voluntarily contributed directly by institutional plan sponsors, providing unmatched continuity and trend analysis

Approved By (names & titles, as appropriate, e.g., requestor, requestor management, information systems, budget, purchasing):

Kathy Gould, State Retirement Director, DMS Division of Retirement

Amber Burns, Deputy Director of Financial and Support Services, DMS Division of Retirement

Shirley Beauford, Technology Services Project Administrator, DMS Division of Retirement

Shaundra Mitchell, Bureau Chief of Business Support Services, DMS Division of Retirement

Prospective vendors are requested to provide information regarding their ability to supply the commodities or contractual services described. If it is determined in writing by the agency, after reviewing any information received from prospective vendors, that the commodities or contractual services are available only from a single source, the agency shall provide notice of its intended decision to enter a single-source purchase contract in the manner specified in Rule 60A-

1.045, Florida Administrative Code, and section 120.57(3), F.S.