Deferred Compensation investment Advisory Services

The Town of Guilford, located in New Haven County, Connecticut, is conducting a Request for Proposals (RFP 1-2324) to procure Deferred Compensation Investment Advisory Services for its 401a and 457b Plans. The Pension Committee is seeking an established investment advisory firm to serve as a fiduciary consultant, providing objective advice and counsel regarding the administration of these retirement plans. The selected firm will be responsible for offering expert guidance on plan management, investment strategies, and overall fiduciary oversight. Proposals must be submitted by September 28, 2023, at 2:00 PM EDT, with a vendor question and answer period running from August 29, 2023, at 2:45 PM EDT through September 11, 2023, at 4:00 PM EDT. The contract period will begin immediately upon selection and continue for the current fiscal year, with the primary objective of ensuring effective management and strategic direction of the town's deferred compensation plans.

The RFP does not specify any set-aside designations or restrictions on the types of organizations that can respond, indicating the solicitation is open to all qualified investment advisory firms. No incumbent vendor information is provided, and there are no explicit details about existing infrastructure or technology integration requirements. The estimated total value of the contract is not disclosed in the documentation, and payment terms are to be specified by the vendor. Delivery terms are defined as Free On Board Destination. Interested firms should contact Joan Fain at the Town of Guilford (31 Park Street, Guilford, CT 06437) for any questions or clarifications regarding the solicitation. The primary selection criteria appear to be the firm's ability to provide objective, expert fiduciary advice and counsel for the town's deferred compensation plans.