BANKING-1802 - USA (New York) - Investment Management and Advisory Services - Deadline November 8,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: BANKING-1802

Government authority located in New York; USA based organization looking for expert vendor for investment management and advisory services.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide investment management and advisory services and recordkeeping, administration, communication, education and custodial trustee services.
- Investment Management Services: - The investment offerings have been determined by the Board along with its independent investment advisor Segal Marco Advisors, for purposes of submitting your firm’s proposal you should assume that the investment structure will be as currently structured. The Board has the sole discretion for the selection of the final investment offerings. The Plan is currently using a revenue sharing model to pay for plan administration costs and will be evaluating fee levelling approach.
- Administration and Recordkeeping Services: - The ability to process payroll deductions, monitor compliance, daily processing of participant transactions, and to provide timely and accurate participant statements and financial statements. The service provider selected by the Board must have in place a toll-free customer center, voice response services and internet services that allow participants access to their accounts, the administration/recordkeeping service provider will be required to assist employees with the completion of enrollment forms, verify the completeness of the forms and coordinate the institution of salary deferrals with NHCC’s payroll system.
- Employee Communication and Education Services: - Communication services are to be supported by customer service representatives and comprehensive internet services that provide participants with interactive financial and retirement planning tools and software. A dual high-touch, high-tech approach will be required to provide the participants with all of the necessary financial information and data to make informed investment decisions related to their elections. An explanation that outlines your firm’s capabilities in designing and implementing a communication/education strategy is required for both the initial transition and ongoing process.
- Trustee and Custodial Services: - The service provider must provide trustee/custodial services for the Plan or arrange for trustee services with an outside party. Any additional costs for trustee/custodial services are to be fully disclosed in the fee section of this Request for Proposal.
(2) All question must be submitted no later than October 24, 2019.
(3) Contract period will be for three years.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Friday, 8 November, 2019

Question Answer Deadline : Thursday, 24 October, 2019

Category : Banking Services

Country : USA

State : New York

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