RFP 2509-001 Retirement Plan Advisor

Travis County Healthcare District, doing business as Central Health, has issued Request for Proposal (RFP) 2509-001 for a Retirement Plan Advisor to support its comprehensive employee benefits strategy. The solicitation seeks a qualified firm to provide strategic retirement plan consulting services for an organization with approximately 2,100 employees, focusing on optimizing 401a and 457 retirement plans. Key objectives include conducting data-driven analyses of existing retirement benefits, identifying cost-saving opportunities, and achieving a 5% reduction in overall retirement benefits costs within three years while maintaining employee satisfaction. Required services encompass fiduciary support, vendor management, compliance monitoring, employee education, plan design assistance, and strategic retirement benefit management. The ideal advisor will provide proactive market intelligence, legislative updates, and innovative solutions for streamlining benefits administration. A pre-proposal conference is scheduled for September 24, 2025, at 1:30 PM via MS Teams, with proposal questions accepted until October 8, 2025, and final proposals due on October 27, 2025, at 2:00 PM Central Time. Evaluation criteria will likely include the firm's financial stability, client support model, compliance capabilities, technology infrastructure, and strategic guidance potential.

The procurement allows both HUB-certified and non-HUB vendors to participate, with Central Health requesting a Good Faith Effort for MBE/WBE participation. The current incumbent vendor is One Digital, though specific details about the incumbent's performance are not disclosed. Proposals must be submitted through the BidNet platform, with alternative in-person drop-off arrangements possible. While a specific budget range is not publicly stated, Central Health expects proposers to submit their own rates and proposed budgets. The initial contract term is one year, with optional four one-year renewal periods available after the initial term. Proposers should note that resumes and additional content count against the proposal's page limit, and all proposers will be formally notified of the solicitation status following the evaluation process. The contract is expected to commence on November 1, 2025, with the successful vendor providing comprehensive retirement plan advisory services that leverage advanced technology platforms for reporting and analytics while supporting Central Health's unique organizational complexities and strategic objectives.