RFP_Att_6.12_(Part%201)_Daily_Valuation_Operating_Proc.pdf

This is a Daily Valuation Operating Procedures document for the State of Tennessee's Optional Retirement Program and Public Higher Education 403(b) Plans recordkeeping and administration contract. The document outlines the operational framework and procedures that the selected service provider must follow for daily valuation processes related to the management of retirement plan assets and participant accounts. The procedures establish standardized protocols for calculating and reporting daily net asset values, processing participant transactions, maintaining record accuracy, and ensuring compliance with regulatory requirements for the state's retirement benefit programs. The document serves as an operational guideline document that specifies performance standards and procedural requirements rather than soliciting specific deliverables or establishing contract timelines, due dates, or award information.

The Daily Valuation Operating Procedures document establishes the technical and administrative standards that the service provider must implement to maintain accurate and timely valuation of plan assets. The procedures detail data validation requirements, calculation methodologies, reporting formats, and quality assurance processes necessary to support the daily operations of the retirement plans. The document emphasizes accuracy, timeliness, and regulatory compliance in all valuation activities and establishes clear accountability measures for the service provider's performance in managing daily valuation processes for plan participants and the state.