Supplemental Savings Plans Administrator Services

The Arizona State Retirement System (ASRS) is soliciting proposals pursuant to Arizona Revised Statutes § 41-2501 to establish one or more contracts for Supplemental Savings Plans Administrator Services. This solicitation, identified as BPM006876 and posted on November 19, 2025, seeks qualified vendors to provide third-party administrative and record-keeping services for multiple supplemental retirement plans governed under sections 457(b), 403(b), and 401(a) of the Internal Revenue Code. The contract scope includes managing plan adoption, contributions, payroll interfaces, participant services, investment option administration, compliance oversight, fiduciary responsibilities, and robust reporting capabilities for participating political subdivisions and public employers in Arizona. The contract terms may extend up to ten years, with an expected operational readiness date by January 1, 2027, and a proposal submission deadline of January 13, 2026. Offerors must demonstrate extensive experience administering government retirement plans with at least $2.5 billion in assets under management, including key personnel qualifications and organizational capacity to handle concurrent administration across multiple plan types and payroll feeds. Security and data protection compliance is a critical requirement, mandating submission of detailed assessments aligned with Arizona’s baseline infrastructure standards (AZRAMP Level 1) based on NIST SP 800-53 controls, alongside current security audits (SOC II, SSAE 16/18, or ISO/IEC 27001 equivalents) and robust disaster recovery and fraud prevention plans. Comprehensive evaluation criteria prioritize offerors’ experience and qualifications, pricing competitiveness as detailed in the provided Pricing Schedule, and methodology including administrative tools and reporting systems. Submissions require completion of mandatory Offer Forms, Exceptions handling, Confidential Information Designation, references including at least one large government plan client, and security control attestations. The solicitation explicitly prohibits exceptions that significantly deviate from scope or terms and emphasizes compliance with the Arizona Procurement Code and electronic submission protocols via the Arizona Procurement Portal. This procurement aims to ensure ASRS and its associated employers can provide high-quality, compliant, and secure supplemental savings plan administration to Arizona’s public employees.