Program Administration and Investment Management Services
- Client
- Washington
- RFP Number
- BANKING-9270
- Posted
- —
- Category
- Banking Services
- Budget
- Looking for Proposal
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe government authority in Washington requires a vendor to provide program administration, investment management, or both as an integrated solution. The selected contractor must handle program operations, IRA administration, recordkeeping, custodial duties, call center support, and investment option design. The contractor must also facilitate employer engagement, monitor legal changes, and maintain an ADA-compliant, mobile-optimized, secure 24/7 online platform featuring payroll integration options. Furthermore, the contractor will execute a communication plan for employers and employees. Eligible bidders must be USA organizations performing the work offsite. The authority establishes a seven-year contract period and requests budget proposals. Interested vendors can submit responses digitally via email or online. The buyer will hold a pre-bid meeting on September 1, 2026, and sets a deadline of September 15, 2026, for all question submissions.
Key solicitation details
AI-extracted from Competitive Solicitation.docx, Statement of Work.docx. Confirm against the original documents before bidding.
The Washington Saves Governing Board is soliciting competitive bids to select qualified contractors for the Washington Saves Retirement Savings Program. Bidders may propose to provide Program Administration Services, Investment Management Services, or an integrated solution combining both. Bidders must be US organizations eligible to perform work offsite.
- Issued by
- Washington Saves Governing Board
- Pre-bid meeting
- September 1, 2026
- Notice of Intent to Submit due
- September 3, 2026
- Questions due
- September 15, 2026
- How to submit
- Electronic via email or online
- Submission details
- Required Bid Submittals must be emailed to [email protected]. Email including attachments must not exceed 30MB. File formats accepted are MS Word, MS Excel, or Adobe PDF.
- Contract term
- Initial contract period of seven (7) years, with options to extend for up to three (3) additional one-year renewal periods.
- Place of performance
- Offsite / United States
How proposals are evaluated
| Category 1 - Non-Cost Factors | 70 points |
| Category 1 - Cost Factors | 30 points |
| Category 2 - Non-Cost Factors | 55 points |
| Category 2 - Cost Factors | 45 points |
| Category 3 - Non-Cost Factors | 70 points |
| Category 3 - Cost Factors | 30 points |
| Executive Order 18-03 Preference | 3 points |
| Washington Small Business Preference | 3 points |
| Certified Veteran Owned Business Preference | 3 points |
Scope of work
- Program Administration Services
- Investment Management Services
- IRA administration and recordkeeping
- Custodial services and customer service call center
- Online platform and payroll integration
- Target Date Retirement Funds
- Capital Preservation / Liquidity Option
- Growth/Equity and Income/Fixed Income Options
Minimum qualifications
- Onshore (USA Organization Only)
- Registration in Washington's Electronic Business Solution (WEBS)
- Call center and customer service operations based in the United States
- Ability to operate as a fiduciary for the Board and Program participants
Documents to include with the bid
- Exhibit A - Bidder's Certification
- Exhibit B - Scored Non-Cost Factors
- Exhibit C - Bid Price
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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