Request for Proposals (RFP 240s) IRC Section 529 and 529A Plan Consulting Services for the Texas Prepaid Higher Education Tuition Board

The Texas Prepaid Higher Education Tuition Board is requesting proposals for IRC Section 529 and 529A plan consulting services under RFP 240s, with proposals due December 3, 2026. A VetHUB subcontracting plan is required as part of the proposal, indicating a veteran-owned small business set-aside or participation goal.

The scope encompasses expert guidance on tax code requirements, plan operations, regulatory compliance, and strategic planning for the state's prepaid tuition and college savings programs. Proposers must demonstrate qualifications and relevant experience with 529 and 529A plans and higher education savings programs. The RFP contemplates performance-based consulting with compensation structured as hourly rates, project-based fees, or retainer arrangements. A mandatory pre-proposal conference is scheduled prior to the submission deadline.

Evaluation criteria include consultant qualifications, relevant experience with 529 and 529A plans, demonstrated expertise in higher education savings programs, proposed methodology, and overall value to the state. The contract term is subject to negotiation, with potential renewal options based on performance and continued need. Funding derives from PHETB operational budgets and program revenues. Award is contingent upon board approval and satisfactory completion of the evaluation process. Services commence following contract execution and board approval.