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Fiduciary Governance and Committee Support

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State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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The Fiduciary Governance and Committee Support subcontract, issued by the Washington State Board for Community and Technical Colleges, focuses on establishing governance frameworks and providing specialized training for prime contractors managing retirement plan projects. The scope of work includes the development of fiduciary training materials, the drafting of governance recommendations, and the preparation of quarterly committee reports. Additionally, the contractor is responsible for providing expert guidance on fiduciary risk assessments through the utilization of risk assessment matrices. To ensure compliance and expertise, the contract requires personnel to hold professional certifications in ERISA law or fiduciary management. Key deliverables include the aforementioned training materials, governance recommendations, and regular committee reporting. Interested parties should note the response deadline of October 29, 2026, for this engagement which falls under NAICS code 541611 and involves performance across multiple counties.

General Info

Subcontract for fiduciary governance, training, and risk assessment for Washington State retirement projects.

Documents

This scope was carved out of 2026-RFP-001.

The full solicitation package (7 documents), including the RFP, is on the prime solicitation, not on this scope.

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Retirement Consultant

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Organization & Contact Information

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AgencyWashington → Community and Technical Colleges, State Board for
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Provides governance frameworks and training for prime contractors on SBCTC retirement plan projects. Develops fiduciary training materials, drafts governance recommendations, prepares quarterly committee reports, and provides guidance on fiduciary risk assessments using risk assessment matrices. Requires professional certifications in fiduciary management or ERISA law. Delivers quarterly committee reports, training materials, and governance recommendations.

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More opportunities from Washington → Community and Technical Colleges, State Board for

Same awarding agency

NAICS: 523940
SLED
Retirement Consultant
Solicitation # 2026-RFP-001
The Washington State Board for Community and Technical Colleges (SBCTC) is seeking a qualified retirement plan consulting firm under solicitation 2026-RFP-001 to provide independent consulting and fiduciary support services. The selected consultant will act as a trusted advisor to the Retirement Plan/Investment Review Committee, ensuring plan administration aligns with fiduciary best practices, regulatory requirements, and participant retirement readiness objectives. Key responsibilities include providing quarterly committee reports, investment reviews, fiduciary training, and ensuring compliance with IRS regulations for 401(a) and 403(b) plans, as well as mandates from the SECURE Act, ERISA, and the Department of Labor. The contract is structured for an initial one-year term with the possibility of four one-year extensions, totaling up to five years. Award decisions will be based on best value, evaluated through a scoring system that weights the statement of work response at 60 percent, experience and licensure at 20 percent, and price at 20 percent. The successful vendor must be licensed to do business in Washington and comply with state and federal laws, including the Americans with Disabilities Act and the Ethics in Public Service Act. Payment terms include a 30-day window following the receipt of proper invoices, with a 10 percent retainage withheld until the final project completion or report acceptance.
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