- Country: USA
- Summary: 457 Investment Advisor
- UST Ref No: 123883792
- Deadline: 09 Sep 2025
- Financier: Self Financed
- Purchaser Ownership: Government
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: GEN-2500074
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- Description:
- The City of Lawrence, Kansas, is seeking proposals from qualified and experienced firms to provide investment advisory and consulting services for the City-s 457(b) and 401(a) retirement plans. As of July 18, 2025, the City-s 457(b) plan includes approximately 655 participant accounts and total assets of $57.6 million.The selected firm will serve as an independent advisor and will not assume any fiduciary responsibility for asset management. Instead, the consultant will advise the City on all aspects of the Plans investment design, regulatory compliance, vendor oversight, and participant engagement. The City intends to establish a long-term partnership with a single consultant, subject to annual contract renewal based on budget availability.The selected firm will be expected to perform the following services, including but not limited to:Conduct ongoing review, analysis, and recommendations regarding Plan design and structure;Evaluate and recommend investment education programs for Plan participants;Monitor and provide guidance on industry and plan sponsor trends, including behavioral finance developments and innovative investment products;Provide timely updates and advice on applicable regulatory changes affecting the Plans;Advise on best practices in public-sector retirement plan administration and investment strategy;Review and make recommendations concerning the number, types, and asset classes of investment options offered under the Plans;Assist in the selection and prudent ongoing monitoring of investment options;Recommend appropriate default investment options in the absence of participant direction;Establish and periodically review appropriate benchmarks and peer group comparisons for investment performance evaluation;Provide implementation and exit strategies for investment options;Review and advise on the content and delivery of participant investment-related disclosures;Conduct performance evaluations of the City-s custodial and recordkeeping providers an...
- Documents:
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CLICK HERE TO LOGIN457 Investment Advisor - USA Tender
The HUMAN RESOURCES, a Government sector organization in USA, has announced a new tender for 457 Investment Advisor. This tender is published on USARFP under UST Ref No: 123883792 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-09-09.
The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.
