CalHR released a Request for Proposal (RFP 22-700-01) on October 3, 2022 seeking bids for Trustee/Custodian and Securities Lending Services for the Savings Plus Program (Savings Plus), the State of California’s $18.5 billion Defined Contribution Plan, which consists of a 457(b) Plan, 401(k) Plan, and Part-time, Seasonal, and Temporary Employees Retirement Program.
The Agreements awarded through this RFP process will be used to replace the current Agreement for Trustee/Custodian and Securities Lending Services for Savings Plus.
CalHR intends that the successful firm will enter into two simultaneous Agreements with CalHR (one for Trustee/Custodial services and one for Securities Lending Program services), each for a five-year period beginning January 1, 2024 with the option to extend the Agreements for up to two additional one-year periods.
Visit savingsplusnow.com for more information about Savings Plus.
The deadline for response to this RFP is December 5, 2022 at 3:00 p.m. (PT).
TO GET THE RFP BID PACKAGE
To get the RFP bid package:
- Visit Cal eProcure on or after October 3, 2022
- Select Start Search
- Enter 22-700-01 into the Event I.D. field
- Select Search
- Register to receive updates about this RFP
ADDENDUMS
Addendums are posted at Cal eProcure. Only registered users of Cal eProcure are notified of such addendums via email.
QUESTIONS
CalHR will only answer questions about the RFP in accordance with the instructions provided within the RFP.
There is no bidder’s conference scheduled for this RFP.