T2327 Bid Amendment 4 01.23.25.docx
DOCX document 71 KB Posted
- Attached to
- T2327 - Defined Contribution Retirement Program Administrative Services: NJSEDCP & NJDCRP
- Solicitation number
- 24DPP01010
- Issued by
- New Jersey
About this file
This is a bid amendment (#4) issued by the New Jersey Department of the Treasury, Division of Purchase and Property for the Defined Contribution Retirement Program Administration Services solicitation (Bid #24DPP01010 T2327). The amendment extends the quote submission deadline from January 29, 2025, to February 12, 2025, at 2:00 p.m. Eastern Time. The solicitation seeks a provider for administration services for both the NJ State Employees Deferred Compensation Plan (NJSEDCP) and NJ Defined Contribution Retirement Program (NJDCRP).
The amendment also confirms that an Optional Pre-Quote Conference was held on October 23, 2024, with two confirmed attendees: Voya Financial and Empower. Empower is identified as the incumbent provider for these services, managing approximately $12.59 million in total assets across 163,987 unique participants, including 65,793 active DCRP participants and 44,446 active Deferred Compensation Plan participants.
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Text version
PHILIP D. MURPHY
Governor State of New Jersey
DEPARTMENT OF THE TREASURY
DIVISION OF PURCHASE AND PROPERTY
PROCUREMENT BUREAU
33 WEST STATE STREET
P. O. BOX 230
TRENTON, NEW JERSEY 08625-0230
ELIZABETH MAHER MUOIO
State Treasurer
TAHESHA L. WAY
Lt. Governor
AMY F. DAVIS, ESQ.
Acting Director https://www.njstart.gov
January 23, 2025
To: All Interested Bidders
Re: Bid Solicitation # 24DPP01010 T2327 - Defined Contribution Retirement Program Administration Services: NJ State Employees Deferred Compensation Plan (NJSEDCP) and NJ Defined Contribution Retirement Program (NJDCRP)
Previous Quote Submission Due Date: January 29, 2025 (2:00 p.m. Eastern Time) Revised Quote Submission Due Date: February 12, 2025 (2:00 p.m. Eastern Time)
Bid Amendment #4
The following constitutes Bid Amendment #4 to the above referenced Bid Solicitation:
· This Bid Amendment extends the Quote Submission due date from January 29, 2025 to February 12, 2025 (2:00 p.m. Eastern Time); and
· An Optional Pre-Quote Conference was held on October 23, 2024. The below firms were confirmed to be in attendance:
· Voya Financial
· Empower
It is the sole responsibility of the Bidder to be knowledgeable of all of the additions, deletions, clarifications, and modifications to the Bid Solicitation and/or the New Jersey Standard Terms and Conditions relative to this Bid Solicitation as set forth in all Bid Amendments.
All other instructions, terms, and conditions of the Bid Solicitation shall remain the same.
New Jersey Is an Equal Opportunity Employer • Printed on Recycled and Recyclable Paper image1.png
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