Deferred Compensation Plan Investment Advisory and Consulting Services

The Orange County Transportation Authority is requesting proposals for investment advisory and consulting services to assist its Deferred Compensation Plan Committee in fulfilling fiduciary responsibilities under RFP 250382, with proposals due September 15, 2026 at 2:00 p.m. and interviews scheduled for October 14, 2026.

The scope requires comprehensive investment advisory services including quarterly Committee meeting planning and coordination, quarterly investment performance reporting with benchmark comparisons and risk analysis, ongoing due diligence and monitoring of investment options and managers, fund searches and selection support, recordkeeper oversight, regulatory guidance on governmental plan requirements (Internal Revenue Code Section 457(b) and 401(a) plans), quarterly economic and market updates, and participant communication support. All deliverables must be provided in electronic format. The consultant will act in a fiduciary or advisory capacity providing independent, objective, and conflict-free advice, with all recommendations subject to significant intervening substantive review by OCTA personnel, counsel, and management before implementation. Consultant personnel are prohibited from authorizing or directing actions, votes, or contractual agreements on behalf of OCTA.

The estimated contract value is $225,000 over a five-year term, effective November 1, 2026 through October 31, 2031, structured as firm fixed price with annual fee submissions for each contract year. The incumbent is SageView Advisory Services under Contract C-1-3496, which expires August 31, 2026.

Evaluation criteria are weighted as follows: Qualifications of the Firm (20 points), Staffing and Project Organization (30 points), Work Plan (30 points), and Cost and Price (20 points). The consultant must maintain designated key personnel throughout the contract term and obtain OCTA's prior written approval for any replacements with seven calendar days' notice. Insurance requirements include Commercial General Liability at $1,000,000 per occurrence, Automobile Liability at $1,000,000 combined single limit, Workers' Compensation, and Professional Liability/Errors and Omissions at $2,000,000 per claim and annual aggregate. Questions are due August 27, 2026. Proposals must be submitted electronically through the Authority's OpenGov Procurement portal. Award notification will be made within three business days of contract award via the portal.