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. Additionally, the agency requires assistance with developing implementation instructions for the recordkeeper, performing quality checks, and confirming correct execution. The scope of work also covers ensuring annual glide path updates occur on schedule, are documented, validated, and communicated. The agency requires support for staff through education, modeling demonstrations, and Investment Policy Statement (IPS) aligned rationale for glide path decisions. Furthermore, the selected partner must assist with drafting participant communications regarding glide path changes, unitizing easy choice portfolios, and developing fund fact sheets. The agency requires 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 the work onsite and be located within the United States. Bidders must submit proposals digitally via email or online, and the agency is currently looking for budget proposals. All questions regarding this opportunity must be submitted no later than June 22, 2026.