401K Investment Advisor

The Federal Housing Finance Agency (FHFA) is seeking an Investment Advisor to provide independent expert financial guidance for its 401(k) Plan Oversight Committee through Request for Quotes (RFQ) FHF25Q0031. The selected contractor will assist with developing and reviewing investment policy statements, producing annual investment reports, analyzing fund selection and performance, attending up to four committee meetings annually, and providing ad-hoc advisory services. Technical proposals will be evaluated with greater importance than price, with a 10-page limit for technical submissions and key personnel required to submit two-page resumes. The solicitation is classified under NAICS code 541611 for Administrative Management Consulting Services and is open to all vendors, with questions due by January 22, 2025, and quotes due by January 29, 2025 at 12pm ET. Evaluation will prioritize technical capabilities and expertise in 401(k) plan advisory services.

The contract is an unrestricted opportunity with no specific small business set-aside, covering services for the FHFA 401(k) Plan which currently manages 883 accounts with $157.7 million in assets. The current plan recordkeeper is Charles Schwab Retirement Plan Services, and the incumbent contractor is CapFinancial Partners. The contract structure includes both fixed-price and labor-hour components, with a maximum duration of five years including options. The pricing template indicates a not-to-exceed amount of $5,000 per year for labor hours, totaling $25,000 across all five potential years. Performance will be executed throughout the United States, with monthly invoicing required for fixed-price services in equal installments. The solicitation does not mandate specific insurance coverage from the contractor.