This Solicitation opportunity from Kansas was posted on August 4, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
457 Investment Advisor
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
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AI Contract Overview
The City of Lawrence, Kansas, is seeking proposals from qualified firms to serve as investment advisors for its 457(b) and 401(a) retirement plans, which collectively manage assets totaling approximately $57.6 million across around 655 participant accounts as of July 2025. The selected firm will act as an independent consultant, providing expert advice on plan design, investment options, regulatory compliance, vendor oversight, and participant engagement, without assuming fiduciary responsibility for asset management. The firm will support the City in evaluating and recommending investment options, establishing default investments, monitoring performance, and ensuring regulatory adherence. Additionally, the consultant will assist with vendor performance reviews, contract negotiations, participant education initiatives, and the inclusion of innovative investment products, fostering a long-term partnership subject to annual renewal based on performance and budget considerations. The engagement is expected to commence around January 1, 2026, with contracts initially awarded for one year, renewable annually. The scope of services emphasizes ongoing review and analysis of plan structure, industry trends, behavioral finance developments, and regulatory updates. The consultant will also play a key role in facilitating communication between the City and plan service providers, supporting participant readiness programs, and providing strategic guidance on investment disclosures and performance benchmarking. The contract, valued between $50,000 and $150,000, is managed through the Kansas Human Resources department, with primary contact Lisa Pence. The City aims to establish a sustained relationship with the selected firm, ensuring continuous improvement of the retirement plans’ investment strategies and administrative efficiency. The proposal deadline is September 9, 2025, with the project details accessible via the City’s procurement portal.
General Info
Agency
NAICS
Place of Performance
KS, USASet-Aside
Timeline
Submission Closed
