Pension Trust Custody and Administrative Services

The Fairfax County government authority in Virginia is seeking a qualified US-based organization to provide comprehensive pension trust custody and administrative services. The authority requires these services to ensure the safekeeping, custody, administration, and reporting of its pension plan assets in strict accordance with applicable laws, fiduciary standards, and best practices. The selected contractor will solve the authority's need for fully integrated custodial, accounting, and investment support services. The scope of work covers asset safekeeping, efficient trade settlement, and global custody, all supported by accurate daily accounting, valuation, reconciliation, and recordkeeping. The authority requires the contractor to perform independent compliance monitoring against the Investment Policy Statement, identify and report exceptions, and provide performance measurement and reporting. Additional responsibilities include income collection, corporate action processing, cash management, support for both traditional and alternative investments, and the administration of retiree-related services. The contractor must provide a secure, user-friendly online reporting platform with real-time data access to support audits, actuarial valuations, and regulatory reporting. The authority also requires strong client service, including dedicated relationship management, operational support, training, and assistance with governance reporting. Only onshore, United States organizations are eligible to bid on this opportunity, and the selected contractor will perform all work offsite. The authority is issuing this solicitation to obtain competitive budget proposals for a contract period of five years. Bidders must submit their responses digitally via email or through the designated online portal. The evaluation will focus on the bidder's ability to deliver the complete suite of custody, administrative, and client support services outlined in the requirements.