Retirement Plan Consultant RFP

Active 2140348 RFPFinancial & BankingState University of New York
The full text, documents and contacts of this bid open with a free account.Sign up free to read it

At a glance

State University of New York (New York) posted this RFP on Oct 28, 2026. Responses are due Nov 27, 2026. Category: Financial & Banking. Questions are due 2026-11-04 17:00. Solicitation number 2140348.

Solicitation details

General information

Solicitation number
2140348
Notice type
RFP
Place of performance
New York
Questions due
2026-11-04 17:00

Agency and category

Agency
State University of New York
Category
023Financial & Banking
Source listing
Link after sign-up

About this listing

ProposalWorkspace summary

This bid was found on the agency's procurement portal. The portal's own text is not republished here; the summary below was written by ProposalWorkspace's AI from the bid documents. The full posting is on the portal - sign up free to get the link.

Summary

AI-read from the bid documents

Summary fields on this page were extracted by AI from the bid documents. Always verify dates, amounts and requirements against the official solicitation.

What the bid is for

The State University of New York (SUNY) wishes to procure the services of a full-service retirement plan consulting firm for the University’s Defined Contribution Retirement Plans as further described in this RFP. SUNY seeks proposals from qualified respondents. The selected bidder will serve as a fiduciary to the State University of New York University-wide Benefits Office and Plans for all investment-related consulting services, and is expected to provide objective, third-party advice and counsel that will enable The State University of New York University-Wide Benefits Office to make well-informed decisions regarding System administration.

Scope

The purpose of this RFP is to solicit proposals from qualified respondents who can act as a full-service consulting firm on retainer for the University’s retirement program. The contractor will serve as a fiduciary to the State University of New York University-wide Benefits Office and Plans for all investment-related consulting services. The selected bidder will report to SUNY’s Director of University-Wide Benefits.

The advisor is expected to support a complex, multi-vendor environment that includes four recordkeepers (TIAA, Fidelity, Corebridge, and Voya) and a total of 62 active investments options, in addition to providing support across campuses, agencies, and system administration. [...]

To be considered by SUNY, the consulting firm must demonstrate the ability to provide the following services:

  • Dedicated Account Manager & Advisory Team Resources
  • Investment Fiduciary Oversight & Due Diligence
  • Vendor & Recordkeeper Management
  • Custom Products and Dashboard
  • In-Person Presence & Engagement
  • Operational Oversight
  • Governance, Compliance & Plan Document Support
  • Participant Education, Financial Wellness & Engagement

The consulting firm shall produce comprehensive quarterly reporting that includes:

  • Executive Summary
  • Performance & Monitoring
  • Product & Vehicle Analysis
  • Governance & Policy Support
  • Vendor Risk Topics

The consulting firm shall also provide a custom SUNY retirement program dashboard and an annual interactive dashboard deliverable, and is expected to support a robust and ongoing meeting cadence, including approximately 286 meetings annually.

Additional information

**Proposals Due:** November 27, 2026, 3:00 PM EST.

Answers provided on approximately November 13, 2026 5:00 PM EST.

Presentation, Demonstration, Interview: TBA. Notification of Award: TBA.

SUNY reserves the right, in its sole discretion, to modify the above schedule. Bidders will be notified via email of any changes in a timely manner.

*Summary Information Form*: THIS PAGE MUST BE SIGNED AND RETURNED WITH BIDDER’S RESPONSE.

In accordance with the requirements of New York State Finance Law Sections 139j and 139k (“Lobbying Law”), the restricted period for this procurement is now in effect and shall continue until the approval of a contract by SUNY, or if applicable, by the Office of the State Comptroller. Therefore, all communications regarding this procurement must be handled through the State University of New York’s designated contacts only.

MBE Goal: 16.00%. WBE Goal: 14.00%.

Documents

1 file

Sign up free to get this document.

  • RFP C004564 Retirement Plan Consultant RFP Final Oct 2026.pdf
    Download

Similar open bids

In New York

More from State University of New York

Open bids