401(k) Audit

The Oregon Child Development Coalition (OCDC), a 501(c)(3) non-profit organization, is seeking a qualified audit firm to perform a comprehensive 401(k) plan audit for the fiscal year ending 2024. The Request for Proposals (RFP) targets professional audit services for their 401(k) plan, which currently encompasses $55,973,709 in assets and involves 1,430 participants. Proposers must submit a detailed proposal addressing firm overview, team qualifications, audit approach, timeline, and project experience. The evaluation process will utilize a 100-point scoring system, with 30 points allocated to Firm Overview and Team Qualifications, 30 points for Audit Approach and Timeline, 30 points for Experience on Similar Projects, and 10 points for Price Evaluation. The proposal submission deadline is April 25th, 2025 at 2:00 PM Pacific Standard Time, with an expected contract start date of May 15th, 2025. The contract term is anticipated to be one year with no extensions, and OCDC plans to award a single contract from this solicitation.

The RFP does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises, though the comprehensive certification documents suggest a commitment to non-discriminatory practices. Potential proposers must complete multiple mandatory attachments, including Independent Contractor Certification, Non-Conflict of Interest Certification, and Proposer Responsibility Form, which will help validate the proposing organization's qualifications and integrity. The RFP indicates that while price is a factor, the evaluation will emphasize overall value and technical capability to meet 401(k) plan audit requirements. OCDC notes that they are not guaranteeing any specific purchase amount and may conduct separate solicitations for similar services in the future. The contract appears to have standard federal and state compliance requirements, including provisions related to lobbying disclosure, clean air and water standards, and suspension and debarment certifications. While a specific budget range is not disclosed, the complexity of the audit and the substantial asset value suggest a meaningful contract opportunity for a qualified audit firm.