20-03296BM Pension Actuarial Services

The Utah Transit Authority (UTA) has issued a Request for Proposal (RFP) for Pension Actuarial Services, solicitation number 20-03296BM, seeking consulting services for its Employee Retirement Plan and Trust Agreement. The procurement encompasses comprehensive actuarial services including Actuarial Consulting, Valuation Services, Plan Design and Compliance Consulting, and Additional Services for a defined benefit pension plan currently valued at $194 million. The plan includes 2,536 active participants, 428 terminated vested participants, and 724 retired participants and beneficiaries. The solicitation was opened on September 16, 2020, at 1:30 PM MDT and closed on October 7, 2020, at 2:00 PM MDT, with all questions to be submitted through SciQuest during the designated Q&A period. Vendors must submit a current W-9 form and UTA Tax Exempt Form, with the procurement being conducted through the Utah Public Procurement Place platform. The primary contact for this RFP is Brian Motes, who can be reached at BMOTES@RIDEUTA.COM or +801 (287) 3059.

The RFP does not explicitly mention specific set-aside designations or restrictions on responding organizations. The procurement uses commodity codes 84110 (accounting and bookkeeping services) and 84130 (insurance and retirement services), suggesting the opportunity is open to qualified actuarial consulting firms with expertise in pension plan management. Two attachments are included with the RFP: an Actuarial Services RFP document and an Actuarial Services RFP Cost File, which likely provide additional details about qualifications and evaluation criteria. While the exact budget range is not specified in the provided documentation, the $194 million pension plan value indicates a potentially significant contract opportunity for the selected vendor. The RFP is specifically for Carbon County, Utah, and is being managed by the Utah Transit Authority, targeting professional actuarial services to support their employee retirement plan management and consulting needs.