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Specialized Audit Support (529 and ABLE Program Expertise)

Active
State & Local

Contract Overview

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

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This subcontract opportunity with the State Board of Administration in Florida seeks a qualified firm to provide specialized accounting and audit support for prime contractors working on Florida Prepaid College Board projects. The selected provider will be responsible for reviewing financial statements to ensure strict compliance with Sections 529 and 529A of the Internal Revenue Code, while also assisting in the auditing of governmental pension plans. All work must be performed in accordance with GAAS and GAGAS standards, with final deliverables including technical audit workpapers, compliance reports, and supporting schedules. Eligible candidates must employ Certified Public Accountants with proven experience in governmental and nonprofit audits. This procurement falls under NAICS code 541211 and has a response deadline of April 30, 2027. Interested parties can find further details through the MyFloridaMarketplace vendor portal.

General Info

Accounting and audit support for Florida Prepaid College Board projects due April 30, 2027.

Documents

This scope was carved out of ITN 26-03.

The full solicitation package (4 documents), including the RFP, is on the prime solicitation, not on this scope.

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Audit and Accounting Services for the Florida Prepaid College Board, Stanley G. Tate Florida Prepaid

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Organization & Contact Information

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AgencyFlorida → State Board of Administration
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Performs specialized accounting and audit support services for prime contractors on Florida Prepaid College Board projects. Reviews financial statements for compliance with Section 529 and 529A of the Internal Revenue Code and assists in auditing governmental pension plans. Applies GAAS and GAGAS standards. Requires CPAs experienced in governmental/nonprofit audits. Delivers technical audit workpapers, compliance reports, and supporting schedules.

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Same NAICS industry code

NAICS: 541211
New
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County Executive's Office

POSTED

2 days ago

DEADLINE

in 5 days
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More opportunities from Florida → State Board of Administration

Same awarding agency

New
SLED
Audit and Accounting Services for the Florida Prepaid College Board, Stanley G. Tate Florida Prepaid
Solicitation # ITN 26-03
The Florida Prepaid College Board, under solicitation ITN 26-03, is seeking a licensed public accounting firm to provide annual audit and accounting services for the Board, the Stanley G. Tate Florida Prepaid College Foundation, and Florida ABLE, Inc. The contract is scheduled to begin with the June 30, 2027, fiscal year-end. The primary scope of work includes conducting annual financial statement audits and internal control reports in accordance with GAAS, GAGAS, and the Florida Single Audit Act for ABLE United. Key deliverables include draft reports by November 15 and final reports by November 30 following each fiscal year. Additionally, the selected contractor will provide special consulting and advisory services on financial and auditing matters while maintaining strict auditor independence. To qualify, respondents must assign an engagement partner with an active CPA license and at least five years of experience auditing governmental or nonprofit entities, with a preference for experience in Section 529 and 529A programs. The award process involves a two-phase approach: a shortlist of up to five respondents will be selected based on technical experience, pricing, and consulting capabilities, followed by a final award based on best value. The contract includes specific administrative terms, such as net 30 payment terms, a requirement for SOC 2 Type II security reports, and liquidated damages of 250 dollars per business day for late reports. Liability and annual caps for damages are subject to negotiation.

POSTED

2 days ago

DEADLINE

in 6 months
View Details
NAICS: 541990
SLED
Actuarial Services for the Stanley G. Tate Florida Prepaid College Program
Solicitation # 26-02
The State Board of Administration for the State of Florida is seeking a qualified firm to provide independent actuarial services for the Stanley G. Tate Florida Prepaid College Program. The primary objective of this engagement is to support the Board's statutory duty to evaluate the actuarial soundness of the prepaid fund and establish accurate plan pricing. The selected contractor will be responsible for a wide range of core services, including the preparation of four quarterly actuarial valuation letters and one comprehensive annual actuarial valuation report as of June 30. Additionally, the contractor must produce an annual plan pricing report for the designated enrollment period, develop a sensitivity matrix for material actuarial drivers, and provide monthly discounted and undiscounted cash flows. Beyond reporting, the scope of work includes mandatory annual planning meetings with Board staff, quarterly data review and reconciliation, and annual presentations to the Board to substantiate findings. The contractor must adhere to Actuarial Standards of Practice, the Actuarial Code of Professional Conduct, and specific Florida Statutes and Internal Revenue Code Section 529 requirements. The contract includes provisions for a transition plan from the current provider, strict data security and confidentiality controls, and the maintenance of detailed work papers for audit support. The agreement allows for an initial term with up to five one-year renewal periods, with additional services such as special studies, workshops, and legislative assistance available upon request and written approval.
All Other Professional, Scientific, and Technical Services

POSTED

14 days ago

DEADLINE

in 6 months
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NAICS: 524292
SLED
Customer Service and Records Administration Services for ABLE United
Solicitation # ITN26-01
The Florida Prepaid College Board is soliciting proposals under ITN 26-01 for comprehensive customer service and records administration services to operate the ABLE United Program. The selected vendor will be responsible for full-service recordkeeping, account establishment, contribution and withdrawal processing, and tax reporting, as well as providing debit or prepaid card functionality. Core requirements include the provision of a secure, scalable technology platform for online account management and a multi-channel customer support center compliant with ADA and WCAG accessibility standards. Additionally, the vendor must administer Board-approved investment options, including potential FDIC-insured options, and maintain rigorous governance, audit support, and data ownership protocols ensuring the Board has unrestricted access to all program data. To qualify, respondents must demonstrate at least five consecutive years of experience in both records administration and contact center services, specifically within Section 529 or 529A programs or similar government-sponsored savings initiatives. The contract emphasizes stringent security and operational resilience, requiring SOC 1 Type II and SOC 2 Type II certifications, a formal incident response program, and annual business continuity and disaster recovery testing. Award decisions will be based on best value following a binary minimum qualifications assessment and a scored evaluation of a shortlisted group of respondents. The vendor will be required to maintain professional liability, cyber, and crime insurance, while adhering to Florida public records laws and specific federal IRS and SSA reporting obligations.
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds

POSTED

about 1 month ago

DEADLINE

in 7 months
View Details

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