Vanguard Total International Bond Index.pdf

This is a supporting investment exhibit document for a Defined Contribution Retirement Program Administrative Services solicitation issued by the State of New Jersey Department of the Treasury, Division of Purchase and Property. The document pertains to the New Jersey State Employees Deferred Compensation Plan (NJSEDCP) and the New Jersey Defined Contribution Retirement Program (NJDCRP), which collectively serve 163,987 participants across 1,814 locations with approximately $6.1 billion in total assets. The solicitation seeks a single vendor to provide comprehensive turnkey recordkeeping and administrative services for both plans, including participant account management, investment administration across 27 investment options, educational services, customer support, and employer-level services for approximately 41 remitting locations under the 457(b) plan and 750 active locations under the 401(a) plan. An optional pre-quote conference is scheduled for December 23, 2025, at 10:30 AM Eastern Time, with electronic questions due by January 5, 2026, at 2:00 PM. Quotes are due February 20, 2026, at 2:00 PM. The base contract term is five years with options to extend up to two additional years. This specific document appears to be a sample or reference investment option document related to Vanguard Total International Bond Index offerings available within the plans.

The selected vendor must demonstrate over five years of experience administering bundled services for 401(a) and 457(b) plans and must have managed at least five defined contribution plans with a minimum of 50,000 participants. Bidders must submit pricing on a fixed flat dollar-per-participant basis covering implementation, conversion, administration, recordkeeping, education, and trustee expenses, with revenue sharing from investments rebated to participants. The incumbent contractor is Empower (formerly Prudential). The contract requires one dedicated on-site representative and ten full-time field service representatives. Required insurance includes professional liability insurance of at least $2,000,000 per claim and cyber breach insurance of not less than $10,000,000 per occurrence. No small business or disabled veterans' business set-asides apply. All plan expenses are borne by participants, and the State seeks a comprehensive single-source service provider for both retirement plans.