OCC/OTS 401(k)

Added: Feb 14, 2013 11:39 am Modified: Mar 26, 2013 3:36 pmTrack Changes

03/26/2013 - Responses posted to offeror questions #12-14.  Question #9 response amended.
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03/25/2013 - Response posted to offeror question #11
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03/22/2013 - Responses posted to offeror questions #1-10
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THIS IS AN UNRESTRICTED PROCUREMENT.  

The Office of the Comptroller of the Currency (OCC) hereby issues a Request for Proposal using FAR Part 12 - Acquisition of Commercial Items and FAR part 15 - Contracting by Negotiation to obtain an experienced and qualified contractor to provide a defined contribution plan offering 401(k), Roth 401(k), and after tax savings account.  

Proposals are due by 3:00 pm EST on April 5, 2013 (located in Section L of the solicitation)

The Offeror is advised to obtain legal counsel prior to its proposal submission to ensure all terms, conditions and clauses incorporated by reference and in full-text are acceptable to the Offeror.

The original copy of the proposal shall contain a signed SF 1449 with Blocks 17a, 30a, 30b, and 30c completed and the original of all documents requiring signature by the Offeror. 
    


Point of Contact

Darryle Brown, Email Darryle.Brown@occ.treas.gov.

Added: Feb 14, 2013 11:39 am Modified: Mar 25, 2013 4:27 pmTrack Changes

03/25/2013 - Response posted to offeror question #11
_________________________________

03/22/2013 - Responses posted to offeror questions #1-10
________________________________ 

THIS IS AN UNRESTRICTED PROCUREMENT.  

The Office of the Comptroller of the Currency (OCC) hereby issues a Request for Proposal using FAR Part 12 - Acquisition of Commercial Items and FAR part 15 - Contracting by Negotiation to obtain an experienced and qualified contractor to provide a defined contribution plan offering 401(k), Roth 401(k), and after tax savings account.  

Proposals are due by 3:00 pm EST on April 5, 2013 (located in Section L of the solicitation)

The Offeror is advised to obtain legal counsel prior to its proposal submission to ensure all terms, conditions and clauses incorporated by reference and in full-text are acceptable to the Offeror.

The original copy of the proposal shall contain a signed SF 1449 with Blocks 17a, 30a, 30b, and 30c completed and the original of all documents requiring signature by the Offeror. 
    


Point of Contact

Darryle Brown, Email Darryle.Brown@occ.treas.gov.

Added: Feb 14, 2013 11:39 am Modified: Mar 22, 2013 1:24 pmTrack Changes

03/22/2013 - Responses posted to offeror questions
________________________________ 

THIS IS AN UNRESTRICTED PROCUREMENT.  

The Office of the Comptroller of the Currency (OCC) hereby issues a Request for Proposal using FAR Part 12 - Acquisition of Commercial Items and FAR part 15 - Contracting by Negotiation to obtain an experienced and qualified contractor to provide a defined contribution plan offering 401(k), Roth 401(k), and after tax savings account.  

Proposals are due by 3:00 pm EST on April 5, 2013 (located in Section L of the solicitation)

The Offeror is advised to obtain legal counsel prior to its proposal submission to ensure all terms, conditions and clauses incorporated by reference and in full-text are acceptable to the Offeror.

The original copy of the proposal shall contain a signed SF 1449 with Blocks 17a, 30a, 30b, and 30c completed and the original of all documents requiring signature by the Offeror. 
    


Point of Contact

Darryle Brown, Email Darryle.Brown@occ.treas.gov.

Added: Feb 14, 2013 11:39 am Modified: Mar 08, 2013 10:10 amTrack Changes

  THIS IS AN UNRESTRICTED PROCUREMENT.  

The Office of the Comptroller of the Currency (OCC) hereby issues a Request for Proposal using FAR Part 12 - Acquisition of Commercial Items and FAR part 15 - Contracting by Negotiation to obtain an experienced and qualified contractor to provide a defined contribution plan offering 401(k), Roth 401(k), and after tax savings account.  

Proposals are due by 3:00 pm EST on April 5, 2013 (located in Section L of the solicitation)

The Offeror is advised to obtain legal counsel prior to its proposal submission to ensure all terms, conditions and clauses incorporated by reference and in full-text are acceptable to the Offeror.

The original copy of the proposal shall contain a signed SF 1449 with Blocks 17a, 30a, 30b, and 30c completed and the original of all documents requiring signature by the Offeror. 
    


Point of Contact

Darryle Brown, Email Darryle.Brown@occ.treas.gov.

Added: Feb 14, 2013 11:39 am Modified: Mar 08, 2013 8:41 amTrack Changes 3/8/2013 - This presolicitation notice has been amended to state the OCC intends to award a 2 year base period with four 2 year option periods for a total potential period of performance of 10 years.
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Contracting Office Address

OFFICE OF THE COMPTROLLER OF THE CURRENCY

400 7th St SW, Suite 3E-218,

Washington, DC 20219-0001

Description

THIS IS A PRESOLICITATION NOTICE ONLY AND NOT A SOLICITATION OR REQUEST FOR PROPOSAL(RFP) DOCUMENT. THE RFP/SOLICITATION PACKAGE WILL BE AVAILABLE AFTER THE CLOSING DATE OF THIS PRE-SOLICITATION NOTICE.  PROPOSALS ARE NOT BEING SOLICITED OR ACCEPTED AT THIS TIME.

The Office of the Comptroller of the Currency (OCC) intends to issue a Request for Proposal using FAR Part 12 - Acquisition of Commercial Items and FAR part 15 - Contracting by Negotiation to obtain an experienced and qualified contractor to provide a defined contribution plan offering 401(k), Roth 401(k), and after tax savings account.  As a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), the OCC and the OTS were merged and the OCC assumed responsibility for the OTS 401(k) Plan.  Pursuant to Dodd-Frank, employees of the OTS were transferred to the OCC, Federal Deposit Insurance Corporation (FDIC) or the Consumer Financial Protection Bureau (CFPB).  Those employees who transferred to the OCC, FDIC and CFPB must, by statute, be allowed to continue participation in the OTS 401(k) Plan.  Therefore, the FDIC and CFPB are participating employers in the OTS 401(k) Plan and some former OTS employees who are now employed by the FDIC and CFPB participate in the OTS 401(k) Plan.

The existing OCC and formerly OTS defined contribution plans are managed by Charles Schwab & Co. Services under these contracts expire December 31, 2013. Any conversion to a new service provider would be required to be completed by 1/1/2014, based on a target award date of 7/31/2013.   

Currently, the OCC and OTS 401(k) Plans have 5,147 participants and combined assets of $500 million.  The OFR current population is approximately 150 and is anticipated to grow to around 250 employees.  Some minimum requirements for services under the proposed contract include the following:

•·         A full range of defined contribution services to companies on a national scale

•·         Current portfolio of no less than 20 plans with a minimum of $250 million in assets

•·         Cumulative plans providing asset record keeping services greater than $20 billion

•·         Investment advice and education provided to plan participants

•·         Operation of a fully integrated recordkeeping platform

•·         Fully dedicated conversion and communication team

•·          Interactive employee website that allows for participants to make transactions, view account information, obtain fund information, ad hoc reporting, etc.

•·         Participant transactions system for employee enrollments, distributions, fund exchanges, contribution rate changes, and loans

•·         Administrative functions including, but not limited to, determination of eligibility; automatic enrollment, and designation of beneficiaries

•·         Operation of a dedicated compliance department that regularly interacts with the plan service team on legislative issues

•·         Ten (10) years of experience in the defined contribution marketplace

•·         Client retention average of at least 5 years for plans of the same complexity and size as the OCC employee savings plan

•·         Experience in the administration of plans with the Roth 401(k) provision, automatic enrollment feature and after tax feature

The OCC intends to award a fixed price contract with a base (to include transition if applicable), plus four (4) one year optional periods.  OCC and OTS plans will remain separate; however both plans will be awarded to a single contractor as a single award.  The RFP solicitation CC13HQR0004 is scheduled to be available for review on FedBizOps the week of March 4, 2013 with an anticipated award date of July 31, 2013.

THIS IS AN UNRESTRICTED PROCUREMENT. 

All responsible sources may submit a proposal which shall be considered by the agency. Sources must have valid Cage Codes and DUNs Numbers or have the ability to obtain one, and also must be registered in SAM (System for Award Management) and have up to date Representations and Certifications.  Proposals will be evaluated on the basis of best value to the government considering the following criteria:

Point of Contact

Darryle Brown, Email Darryle.Brown@occ.treas.gov.

Added: Feb 14, 2013 11:39 am   Contracting Office Address

OFFICE OF THE COMPTROLLER OF THE CURRENCY

400 7th St SW, Suite 3E-218,

Washington, DC 20219-0001

Description

THIS IS A PRESOLICITATION NOTICE ONLY AND NOT A SOLICITATION OR REQUEST FOR PROPOSAL(RFP) DOCUMENT. THE RFP/SOLICITATION PACKAGE WILL BE AVAILABLE AFTER THE CLOSING DATE OF THIS PRE-SOLICITATION NOTICE.  PROPOSALS ARE NOT BEING SOLICITED OR ACCEPTED AT THIS TIME.

The Office of the Comptroller of the Currency (OCC) intends to issue a Request for Proposal using FAR Part 12 - Acquisition of Commercial Items and FAR part 15 - Contracting by Negotiation to obtain an experienced and qualified contractor to provide a defined contribution plan offering 401(k), Roth 401(k), and after tax savings account.  As a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), the OCC and the OTS were merged and the OCC assumed responsibility for the OTS 401(k) Plan.  Pursuant to Dodd-Frank, employees of the OTS were transferred to the OCC, Federal Deposit Insurance Corporation (FDIC) or the Consumer Financial Protection Bureau (CFPB).  Those employees who transferred to the OCC, FDIC and CFPB must, by statute, be allowed to continue participation in the OTS 401(k) Plan.  Therefore, the FDIC and CFPB are participating employers in the OTS 401(k) Plan and some former OTS employees who are now employed by the FDIC and CFPB participate in the OTS 401(k) Plan.

The existing OCC and formerly OTS defined contribution plans are managed by Charles Schwab & Co. Services under these contracts expire December 31, 2013. Any conversion to a new service provider would be required to be completed by 1/1/2014, based on a target award date of 7/31/2013.   

Currently, the OCC and OTS 401(k) Plans have 5,147 participants and combined assets of $500 million.  The OFR current population is approximately 150 and is anticipated to grow to around 250 employees.  Some minimum requirements for services under the proposed contract include the following:

•·         A full range of defined contribution services to companies on a national scale

•·         Current portfolio of no less than 20 plans with a minimum of $250 million in assets

•·         Cumulative plans providing asset record keeping services greater than $20 billion

•·         Investment advice and education provided to plan participants

•·         Operation of a fully integrated recordkeeping platform

•·         Fully dedicated conversion and communication team

•·          Interactive employee website that allows for participants to make transactions, view account information, obtain fund information, ad hoc reporting, etc.

•·         Participant transactions system for employee enrollments, distributions, fund exchanges, contribution rate changes, and loans

•·         Administrative functions including, but not limited to, determination of eligibility; automatic enrollment, and designation of beneficiaries

•·         Operation of a dedicated compliance department that regularly interacts with the plan service team on legislative issues

•·         Ten (10) years of experience in the defined contribution marketplace

•·         Client retention average of at least 5 years for plans of the same complexity and size as the OCC employee savings plan

•·         Experience in the administration of plans with the Roth 401(k) provision, automatic enrollment feature and after tax feature

The OCC intends to award a fixed price contract with a base (to include transition if applicable), plus four (4) one year optional periods.  OCC and OTS plans will remain separate; however both plans will be awarded to a single contractor as a single award.  The RFP solicitation CC13HQR0004 is scheduled to be available for review on FedBizOps the week of March 4, 2013 with an anticipated award date of July 31, 2013.

THIS IS AN UNRESTRICTED PROCUREMENT. 

All responsible sources may submit a proposal which shall be considered by the agency. Sources must have valid Cage Codes and DUNs Numbers or have the ability to obtain one, and also must be registered in SAM (System for Award Management) and have up to date Representations and Certifications.  Proposals will be evaluated on the basis of best value to the government considering the following criteria:

Point of Contact

Darryle Brown, Email Darryle.Brown@occ.treas.gov.