October 15, 2016
The Illinois Secure Choice Savings Board (“Board”) authorized the Office of the Illinois State Treasurer (“Treasurer”) to issue this Request for Proposals for Investment & Program Consulting Services (“RFP”) on behalf of the Board for the Illinois Secure Choice Savings Program (“Secure Choice”).
The successful Respondent (“Contractor”) shall assist the Board and Treasurer with investment fund decisions as well as program structure and administrative decisions. Respondents must submit their Proposals by 2:00 p.m. CT on November 14, 2016. The ideal Respondent is one with a strong investment track record; comprehensive risk management skills; experience in program design, development, and administration for defined contribution retirement programs; and expertise in client counseling, portfolio management, and management and evaluation of passive equity and fixed income index funds, asset allocation, glide paths, and defined contribution best practices. The Contractor shall enter into a contract with the Treasurer (“Agreement”), with the Board’s approval, for an initial term of three (3) years. Upon expiration of this term, the Treasurer, with the Board’s approval, 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.
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