Pension Trust Administration and Investment Management Services

The government authority in Oroville, California is seeking professional pension trust administration and investment management services. The agency funds retirement benefits under these plans through a combination of employer contributions, employee contributions, and investment earnings. To support its pension strategy, the agency accumulates funds through additional payroll-based collections from departmental budgets and other available funding sources, which may include savings from prepayment of unfunded actuarial liability payments and other dedicated funds. The scope of work requires professional investment management services for assets held within the trust. This includes portfolio construction and implementation of approved asset allocation strategies in coordination with county staff, existing providers, and other relevant parties during implementation. The selected provider must also perform ongoing monitoring and management of investments, rebalance portfolios as needed, and manage risk and compliance with applicable policies and investment guidelines. The agency also requires advisory, education, and support services related to the pension trust program. The provider must deliver educational presentations and updates for agency staff, advisory bodies, and the Board of Supervisors as requested. Additionally, the provider must assist the agency in understanding trust investment strategies, performance results, and long-term pension funding considerations. Eligible bidders must perform all work offsite and must be located onshore within the United States. The agency is contracting these services for a one-year period. Bidders must submit any questions regarding this opportunity no later than June 23, 2026. The agency is looking for cost proposals to determine the budget and allows digital submission of responses via email or online.