February 17, 2016
The Office of the Illinois State Treasurer (“Treasurer”) is issuing this Request for Proposals (“RFP”) for a Consulting Services (“Contractor”) for the administration of the Treasurer’s programs with a particular emphasis on the Illinois College Savings Plans (“College Savings”) and Achieving a Better Life Experience Act Savings Pool (“ABLE”).
The Contractor shall assist the Treasurer in the formulation of strategy, structuring, marketing, implementation, and oversight of programs, particularly the College Savings and ABLE plan pools (collectively, the “Pools”). Consultants who submit responses (“Respondents”) must submit their responses to this RFP (“Proposals”) by 12:00 p.m. CT on March 11, 2016.
The Treasurer intends to select a Respondent with extensive experience in strategic implementation, management, and assessment of 529 plans; comprehensive understanding of the 529 and 529A landscape; and expertise in client counseling, third-party review and rankings, structuring 529-type investment vehicles/programs, and marketing of investment products to a broad market. The Contractor shall enter into a contract with the Treasurer (“Agreement”) for an initial term of four (4) years. Upon expiration of this term, the Treasurer may elect to extend the Agreement for a period of time agreed upon by the parties, not to exceed a total of ten (10) years.