This Solicitation opportunity from Florida was posted on April 25, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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Retirement Plan Administration and Investment Management Services

Closed

RFP-RFP25-181-0-2025/BDState & Local

Submission Closed05/22/2025, 12:00:00 AM UTC

Contract Overview

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

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NAICS: 541110

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AI Contract Overview

The School Board of Broward County, Florida is seeking proposals from qualified firms to provide comprehensive retirement plan administration and investment management services for its 401(a) FICA Qualified Alternative and Special Pay Plan. Established in 1996 and amended in 1999, the plan is a defined contribution structure with participant-directed investments, originally designed for part-time, substitute, and seasonal employees, though certain employee groups, such as substitutes outsourced to personnel agencies, are no longer covered. The current plan administration is managed by Bencor, Inc., and the selected proposer must be capable of supporting the existing plan design, including administration, investment products, employee communication, and legal consultation. The solicitation emphasizes the need for a provider to match the plan’s current structure and investment activity, with detailed descriptions available in Attachments M and N. The contract is valued between $500,000 and $2,000,000, with proposals due by May 22, 2025.

General Info

Agency

Florida → The School Board of Broward County

NAICS

541110 - Offices of Lawyers

Place of Performance

FL, USA

Set-Aside

NONE

Documents

No documents available

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Timeline

PhaseClosed

PostedApr 25

Solicitation

Response DeadlineMay 22

Deadline has passed

Submission Closed

05/22/2025, 12:00:00 AM UTC

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Organization & Contact Information

AgencyFlorida → The School Board of Broward County

ContactsNo contacts available

OfficeN/A

Organization / Agency

Florida → The School Board of Broward County

Office AddressN/A

ContactsNo contact information available

Full Description

The School Board of Broward County, Florida desires to receive proposals from qualified proposers for Retirement Plan Administration and Investment Management Services. SBBC sponsors The School Board of Broward County 401(a) FICA Qualified Alternative and Special Pay Plan. This Plan is a qualified defined contribution plan with participant-directed investments. The Plan was originally adopted effective on July 1, 1996, as a FICA Alternative Retirement Plan for SBBC’s part-time, substitute, and seasonal employees. In 1999, the Plan was amended to provide contributions of accrued and unused vacation and sick leave pay for certain other employees (referred to hereafter as “Special Pay”). In or around July 2022, SBBC outsourced the substitute teachers to a Personnel Agency and these members are no longer part of this Plan. The incumbent for the Plan’s Retirement Plan Administration and Investment Management Services is Bencor, Inc. Attachment M further describes the Plan’s Current Plan Design, and Attachment N provides the Plan’s Investment Activity for the Plan Year ending December 31, 2024 and YTD for 2025. The Proposer should be able to provide a plan design that matches all the services necessary to administer the current plan design.
SBBC is seeking proposals from companies to provide investment products, administration, employee communication, and legal consultation services to support the Plan.