RFI_401k Administration_2031JW22N00008_FINAL_20220602.docx

RFI 2031JWXXN00008

Administration of the Office of the Comptroller of the Currency and Office of Thrift Savings Retirement Plans

Request for Information

Administration of the Office of the Comptroller of the Currency and Office of Thrift Savings Retirement Plans

Introduction

The Office of the Comptroller of the Currency (OCC) is requesting information on the OCC and the Office of Thrift Supervision (OTS) 401(K) Retirement Plans.

This is a request for information (RFI) only - it does not constitute an Invitation for Bids (IFB), Request for Proposal (RFP), or Request for Quotes (RFQ). This RFI is issued solely for information and planning purposes and does not commit the OCC to issue a solicitation (RFQ/RFP) or award a contract for any supply or service whatsoever.

The OCC will not pay for any information or administrative costs incurred in response to this RFI. All costs associated with responding to this RFI will be solely at the Respondents’ expense. Those who respond to this RFI should not anticipate feedback concerning its submission other than acknowledgement of receipt, if the Respondent submits a request for acknowledgement.

Background

The Office of the Comptroller of the Currency (OCC) is a bureau within the United States Department of Treasury. The OCC supervises national banks and federal thrifts. OCC’s funds are, by statute, not congressionally appropriated. OCC is the Plan Sponsor for two 401(k) Plans: 1) the OCC 401(k) Plan, and 2) the Office of Thrift Supervision (OTS) 401(k) Plan. As of December 31, 2021, the OCC 401(k) Plan has 3,291 active participants (1,385 retired), and combined assets of approximately $971 million. Additionally, the OTS 401(k) Plan has 399 active participants (391 retired) and combined assets of approximately $387 million.

Requirement Description

The OCC is seeking an experienced contractor who can assist the agency with the following:

1) Investment services with a full range of investment options covering all asset and share classes to include collective investment trusts, mutual funds (shall be open architecture)

2) Administration and Recordkeeping Services

3) Daily Valued Recordkeeping System

4) Trustee Services

5) Education/Communication Services

NAICS Code: 523150 (Investment Banking and Securities Intermediation; Brokerages, securities); Size Standard: $41.5M Primary Product Service Code: R710 (Support- Management: Financial)

Submission Requirements

In order to be considered an Interested Vendor/Party, responses to the following RFI questions are required:

1) Is the Vendor capable of complying with all security requirements stipulated in Attachment 1 to RFI 2031JWXXN00008 – Security Requirements? If not, please clearly state any concerns or objections. Additionally, if there are any security requirements not identified, is overlapping, or attributes to conflicts, clearly state so in response.

2) Is the Vendor willing to accept a mutual indemnification cap of $20M for the life of the contract, not to exceed $4M in any given year? If not, please clearly state any concerns or objections. Is there a lesser amount for which the Vendor would consider? If so, at what amount and under what terms? Are there any specific indemnity terms the Vendor can identify at this time for the Government’s consideration for which would be established in a future agreement/contract? If so, please provide sample language/terms.

Vendors/interested parties are requested to respond to this RFI with an electronic document that fulfills the requirements below.

1) Company Profile Information -

a. Company name and physical address,

b. DUNS and CAGE Code or Unique Entity ID created in SAM.gov number,

c. GSA Federal Supply Schedule (FSS) contract(s) number/ID (if applicable),

d. Government-wide Acquisition Contracts (GWACs) contract number/ID (if applicable), and

e. Designated point of contact's name, title, email address, and phone number

2) Company's Business Information –

a. Size status,

b. Socioeconomic status,

c. Website URL, and

d. Formal accreditations or certifications held (do not include any personal/self-certifications)

Responses shall be in single-spaced, Times New Roman or Arial, 12 point font format, with one inch margins all around, compatible with MS Office Word sent via email as courier delivery will not be accepted. The email subject line shall include the following: “RFI Response to 2031JWXXN00008 - Administration of the OCC and Office of Thrift Savings Retirement Plans.” All response documents, including attachments, shall not exceed 5 MB, and shall be printable on 8 ½” x 11” paper. Total response submission shall be no longer than five (5) pages, including any attachments, (e.g., pamphlets, workflows). Yet, Respondents shall avoid the use of excessive marketing language, submission of fancy brochures, and other unnecessary sales literature.

As noted above, this RFI is issued solely for information purposes, and therefore, documents received in response to this RFI will not be returned, and any proprietary information contained within responses shall be clearly marked as ‘Proprietary’. All submissions in response to this RFI shall become the property of the Government. Any response submitted by Respondents to this request constitutes consent for that submission to be reviewed by OCC and its employees.

Please email your response to: Anethra.Facione@occ.treas.gov

Response deadline: 5:00 PM Eastern Time, Monday, June 20, 2022, however the government may review responses issued beyond the deadline.

Please refer to the following attachment to this RFI: “Attachment 1 to RFI 2031JWXXN00008 – Security Requirements”

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