Defined Contributions Retirement Savings and Post Employment Benefits Services

The City of Falls Church, Virginia, is seeking independent, objective, and proactive financial and investment consulting services for its pension investment and other post-employment benefits trust. The agency requires a vendor to conduct an annual comprehensive review and analysis of its investment policy and procedures, focusing on investment objectives, asset allocation, and management structure. Additionally, the selected partner must assess funds for investment policy statement target range compliance and formulate quarterly rebalancing recommendations to ensure annuity payment funding and city expense true-up cash availability. The scope of work includes providing and interpreting investment-related data to assist staff with the preparation of the annual comprehensive financial report. The agency also requires overall economic context for evaluating quarterly results and assistance with reviewing recordkeeping, administration, plan design, and participant education services. Only organizations based in the United States are eligible to bid on this opportunity, and the selected vendor will perform all work offsite. Bidders must submit any questions regarding this opportunity no later than July 1, 2026. The agency will host a non-mandatory pre-bid meeting on June 18, 2026. Proposals and responses must be submitted digitally via email or online, and the agency is currently looking for proposal submissions to determine the budget.