Program Manager for NY's College Savings Program

On March 18, 2025, the Bureau of Contracts approved an exemption from the usual notice requirements for an amendment to Contract C000891 related to New York’s 529 College Savings Program. This exemption was granted because the procurement involved a single source award to Ascensus Broker Dealer Services, LLC, J.P. Morgan Investment Management Inc., JPMorgan Distribution, Inc., and The Vanguard Group, Inc., due to their unique qualifications and the specific circumstances that made a competitive process unfeasible. The purpose of the amendment is to extend the contract term to facilitate negotiations and approval of a new contract, ensuring continuity of program management. The original contract, which began on May 7, 2012, is set to conclude on May 6, 2027, with the current extension in place until at least May 9, 2025, at which point further actions may be taken. The contract pertains to the management of New York’s College Savings Program and is managed by the Office of the State Comptroller, located at 110 State Street, Albany, NY. The contract value ranges from 50 million to 150 million dollars, reflecting its significant scope. The procurement process was initiated with a solicitation posted on April 11, 2025, and responses are due by May 9, 2025. The primary contact for this procurement is Leah Mancini, a Contract Management Specialist, whose email is provided for any questions or comments. This arrangement underscores the importance of selecting qualified firms with specialized expertise to oversee the program’s operations without the need for a competitive bidding process.