June 8, 2016
The Office of the Illinois State Treasurer (“Treasurer”) is issuing this Request for Proposals (“RFP”) for programmatic services for an Achieving a Better Life Experience (“ABLE”) program for the benefit of a multi-state ABLE Consortium (“Consortium”). The Consortium currently consists of Alaska, Illinois, Iowa, Kansas, Minnesota, Missouri, Nevada, New Jersey, Pennsylvania, and Rhode Island (collectively, the “Members”) but, as more fully described below, additional states may be added.
This RFP seeks a provider for the following four core ABLE components: 1) investment management, 2) administrative services, 3) customer service, and 4) outreach material support (collectively, the “Program”). The Consortium welcomes proposals that model a traditional 529 plan design, a Health Savings Account (HSA) approach, or an alternative innovative approach.
Service providers that submit responses (“Respondents”) shall submit their responses to this RFP (“Proposal”) by 2 pm on August 1, 2016. The winning Respondent (“Contractor”) shall enter into an Umbrella Contract with the Treasurer (“Agreement”) and Implementing Agreements with each of the Members, including Illinois.