Revised Exhibit 1 - Plan Demographics and Employer Information (Updated).xlsx

This file is a detailed Exhibit 1 demographic and employer information spreadsheet for the Florida Department of Management Services' State University System Optional Retirement Program (SUSORP) and Senior Management Service Optional Annuity Program (SMSOAP). The document covers membership and eligibility data as of 12/31/2024, encompassing 62,062 eligible employees across 12 state universities, with 19,019 members participating in the program. The document provides comprehensive contribution activity for 2023 and 2024, totaling $223,649,346.03 and $226,822,375.71 respectively, and details plan assets by vendor, including Corebridge Financial, Equitable, TIAA, and Voya, with total plan assets of $8,999,365,981.98.

The spreadsheet includes granular data on payroll information, number of mappable plan assets, and a comprehensive list of agency locations for each participating university, spanning campuses in various Florida cities and even including out-of-state locations like Washington, D.C. and an international location in Genoa, Italy. Current vendor assets show TIAA holding the largest share at $5,254,020,079.57, with the program structured as a defined contribution retirement service that charges fees directly to program members and requires no direct costs to the Department or employers. The document serves as a critical demographic and financial reference for the upcoming procurement of retirement program services, providing potential vendors with detailed insights into the program's scale, composition, and current vendor landscape.