CRSB02-26 - Program Fund External Auditing Service

The CalSavers Retirement Savings Board is requesting proposals for Program Fund External Auditing Services under RFP CRSB02-26, with proposals due July 22, 2026 at 4:00 p.m. Pacific Time. A 5% small business preference applies to certified small businesses; non-small businesses committing 25% of net proposal price to California certified small business subcontractors also receive a 5% preference. DVBE participation is optional with an incentive program applied based on confirmed participation percentage.

The scope is annual audited financial reports for the CalSavers Retirement Savings Program for fiscal years ending June 30, 2026, 2027, and 2028, prepared in accordance with generally accepted accounting principles and Governmental Accounting Standards Board standards. The audit includes evaluation of internal control systems, coordination with CalSavers staff to incorporate Management Discussion and Analysis language and investment commentary, and presentation of audit reports to the Board. Draft reports are due October 23 for each fiscal year; final versions are due November 20.

The maximum contract amount is $150,000 for the first two years and $225,000 over the entire agreement term including optional extensions, with rates constant throughout. The agreement term runs August 17, 2026 through August 16, 2028, with an option to extend one additional year. Minimum qualifications require the firm be a professional certified public accounting firm in business for at least three consecutive years, qualified to do business in California, and maintaining an office with professional CPA staff in the state.

Evaluation allocates 35 points for firm qualifications and experience, 35 points for personnel qualifications and experience, and 30 points for cost proposal, with the lowest cost proposal receiving maximum cost points. Questions are due July 1, 2026, with answers distributed July 6. Award notification is anticipated July 29, 2026. Proposals must be submitted in hard copy and electronic format to 915 Capitol Mall, Suite 140, Sacramento, California 95814.