Police Retirement Plan Provider Services

The City of Loveland, Colorado is seeking a retirement plan provider to deliver trust custody, administration, recordkeeping, participant education and communication, and investment services for its police retirement plan. The agency requires a provider that can offer automated processes to minimize the administrative burden on the plan sponsor, process and implement participant domestic relations orders, and accept the delegation to administer unforeseen emergency withdrawals. The selected provider must develop and maintain a participant website and employee communication materials, and provide at least one local representative. While the agency encourages the provider to offer financial advice to participants, the advisors must not receive commission-based compensation or any direct financial incentives because of that advice. The scope of work includes providing an investment platform that offers access to an open universe of investment alternatives, including mutual funds and collective investment trusts, as well as a self-directed brokerage account window. The provider must also demonstrate the ability to complete an organized, effective plan conversion supported by a dedicated transition team. For the fee structure, the agency requires a clearly stated revenue requirement presented as both an asset-based fee and a per-participant fee, along with the corresponding dollar amount equivalents. Eligible bidders must be onshore organizations based in the United States. The agency permits the performance of the work to be conducted offsite. Bidders must submit their proposals digitally via email or online, and the agency is currently looking for proposals to determine the budget. All questions regarding this procurement must be submitted no later than June 12, 2026.