RFP_30901-65526_Amendment_2_Final.pdf
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- Solicitation number
- RFP 30901-65526
- Issued by
- Davidson County, Tennessee
About this file
This is Amendment 2 to Request for Proposals 30901-65526 issued by the State of Tennessee Treasury Department for recordkeeping, administration, and investment options for the State of Tennessee Optional Retirement Program and Public Higher Education 403(b) Plans. The amendment updates and confirms the RFP schedule of events and provides state responses to vendor questions and comments. Key dates include a written questions and comments deadline of May 26, 2026, with state responses provided by June 5, 2026, followed by a second and final round of written questions due June 12, 2026, and state responses on June 22, 2026. Technical responses and cost proposals are due June 29, 2026, with state completion of technical evaluations by July 20, 2026. Respondent finalists will present orally on July 27-28, 2026, with cost proposal opening and scoring occurring on July 28, 2026. The state will release a Notice of Intent to Award on August 5, 2026, with the protest period ending August 12, 2026. The contract will be sent to the contractor on August 13, 2026, with a signature deadline of August 17, 2026. The contract term runs 60 months from December 1, 2026, through November 30, 2031, with implementation and conversion services completed by September 1, 2027.
The amendment addresses three vendor questions regarding the Treasury Managed Fund, clarifying that it is a commingled fund within a unitized Tennessee Retirement Group Trust without a CUSIP, that unitization is currently handled by the state's custodian with no plans for change, and that recordkeeper responsibilities are summarized in the Daily Valuation Operating Procedures document. The amendment specifies that all revisions are effective upon release, with all other RFP terms and conditions remaining in full force and effect.
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Text version
RFP 30901-65526 Amendment 2
STATE OF TENNESSEE
TREASURY DEPARTMENT
REQUEST FOR PROPOSALS # 30901-65526
AMENDMENT # 2
FOR RECORDKEEPING, ADMINISTRATION, AND
INVESTMENT OPTIONS FOR THE STATE OF
TENNESSEE OPTIONAL RETIREMENT PROGRAM
AND PUBLIC HIGHER EDUCATION 403(b) PLANS
DATE: June 22, 2026
RFP # 30901-65526 IS AMENDED AS FOLLOWS:
1. This RFP Schedule of Events updates and confirms scheduled RFP dates. Any event, time, or date containing revised or new text is highlighted.
EVENT
TIME
(central time zone)
DATE
UPDATED
OR
CONFIRMED
1. RFP Issued May 12, 2026 CONFIRMED
2. Disability Accommodation Request Deadline 2:00 p.m. May 15, 2026 CONFIRMED
3. Pre-response Teleconference 2:00 p.m. May 18, 2026 CONFIRMED
4. Notice of Intent to Respond Deadline 2:00 p.m. May 19, 2026 CONFIRMED
5. Written “Questions & Comments” Deadline 2:00 p.m. May 26, 2026 CONFIRMED
6. State Response to Written “Questions & Comments” June 5, 2026 CONFIRMED
7. Second & Final Round of Written “Questions & Comments” (Follow-Up Questions & Comments Deadline. See RFP Section 1.4.4.)
2:00 p.m. June 12, 2026 CONFIRMED
8. State Response to Second & Final Round of Written “Questions & Comments” June 22, 2026 CONFIRMED
9. Technical Response and Cost Proposal Deadline 2:00 p.m. June 29, 2026 CONFIRMED
10. State Completion of Technical Response Evaluations Sections B and C July 20, 2026 CONFIRMED
11. State Schedules Respondent Oral Presentations (Respondent Finalists Only)
July 21, 2026 CONFIRMED
RFP 30901-65526 Amendment 2
12. Respondent Oral Presentations (Respondent Finalists Only)
8:00 a.m. – 4:30 p.m.
July 27 – July
28, 2026 CONFIRMED
13. State Completion of Technical Response Evaluations July 28, 2026 CONFIRMED
14. State Opening & Scoring of Cost Proposals (Finalists Only) July 28, 2026 CONFIRMED
15. Negotiations (Optional to the State) 4:30 p.m. July 29, 2026 – July 30, 2026
CONFIRMED
16. State Notice of Intent to Award Released and RFP Files Opened for Public Inspection August 5, 2026 CONFIRMED
17. End of Protest Period August 12, 2026 CONFIRMED
18. State sends contract to Contractor for signature August 13, 2026 CONFIRMED
19. Contractor Signature Deadline 2:00 p.m. August 17, 2026 CONFIRMED
2. State responses to questions and comments in the table below amend and clarify this RFP.
Any restatement of RFP text in the Question/Comment column shall NOT be construed as a change in the actual wording of the RFP document.
QUESTION / COMMENT STATE RESPONSE
1. Please provide a list of underlying investments in the Treasury Managed Fund, including fund name, ticker and/or CUSIP, and investment vehicle type (mutual fund, Collective Investment Trust).
The Treasury Managed Fund is a “commingled fund” in the unitized version of the Tennessee Retirement Group Trust. It does not have a CUSIP and the underlying investments within the Group Trust are not relevant to the recordkeeping function.
2. Please provide more detail on the existing unitization process used for the Treasury Managed Fund.
• Is unitization currently handled by the Tennessee Consolidated Retirement System? If yes, will this process continue unchanged in future state?
• What data will need to be provided to the State by the recordkeeper to support the Treasury Managed Fund.
• Is the ability for a recordkeeper to unitize the underlying investments in the Treasury Managed Fund a requirement for the RFP?
• The unitization is currently handled by our custodian. The State has no plans to change this process in the future.
• Recordkeeper responsibilities are summarized in the “Daily Valuation Operating Procedures” Document provided in RFP Attachment 6.12.
• See the responses above.
3. RFP Amendment Effective Date. The revisions set forth herein shall be effective upon release.
All other terms and conditions of this RFP not expressly amended herein shall remain in full force and effect.
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