Defined Contribution Program Consultant Services

The California-based government authority is seeking a consultant to provide defined contribution program services for a contract period of one year. The agency needs to develop, refine, and maintain glide path methodologies for all choice portfolios, which includes conducting forward-looking asset allocation modeling with capital market assumptions, risk modeling, and expected return analysis. The selected partner will also develop implementation instructions for the recordkeeper, perform quality checks, confirm correct execution, and ensure annual glide path updates occur on schedule, with proper documentation, validation, and communication. The scope of work requires supporting agency staff through education, modeling demonstrations, and investment policy statement (IPS) aligned rationale for glide path decisions. The agency also requires assistance in drafting participant communications regarding glide path changes, unitizing easy choice portfolios, and developing fund fact sheets. Additionally, the consultant must provide quarterly investment monitoring reports that include fund performance versus benchmarks and peer groups, watchlist recommendations, IPS compliance reviews, and market commentary. Eligible bidders must perform all work onsite and must be located onshore within the United States. The agency accepts digital proposal submissions via email or online, and bidders must submit any questions regarding this opportunity no later than June 22, 2026. The agency has not disclosed a specific budget and is looking for proposals to determine the cost of these services.