Specialized Legal Services for Retirement Plans

The Kansas Board of Regents is seeking qualified legal counsel to provide ongoing, timely, and professional legal advice related to the administration of its 403(b) Mandatory and Voluntary Retirement Plans, which collectively have over $6 billion in assets. The selected contractor will be required to advise the Board, Retirement Plan Committee, and Board staff on compliance with applicable laws, recommend plan document amendments, provide contracting assistance, and advise on correcting plan errors. The contract term is for three years, from approximately November 1, 2024, to October 31, 2027, with the contractor's pricing remaining fixed throughout the term. Proposals must demonstrate the contractor's qualifications and experience in providing specialized legal services for public 403(b) plans, particularly those of similar asset size to the Kansas Board of Regents' plans.

The RFP indicates that the State reserves the right to accept or reject any or all bids, and successful bidders may have payments intercepted or set off against any debts owed to the State. The RFP also outlines several bidder preference programs available, including for disabled veteran-owned businesses and certified businesses. The current incumbent contractor is unknown, and the RFP does not specify a budget range or award value.