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403(b) Investment and Advisory Services

Lafayette, LouisianaLouisiana, USADue Tuesday, November 17, 2026
Client
Lafayette, Louisiana
RFP Number
BANKING-9480
Posted
10/14/2026
Category
Banking Services
Budget
Looking for Proposals
NAICS
—
Set-aside
—
Contact
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Description

AI Generated

The Lafayette Parish School System is seeking a qualified investment consulting and advisory firm to serve as the Discretionary Outsourced Investment Advisor for its 403(b) Defined Contribution Plan. The selected vendor must act as an express fiduciary, construct and oversee a cost-effective investment lineup, support plan operations, benchmarking, and vendor oversight, and advise leadership on plan compliance, governance, and participant education. Only onshore USA organizations are eligible, and the Lafayette Parish School System strongly encourages minority-owned and small business enterprise participation. Vendors will perform work offsite at their own office premises. Proposers must submit electronic proposals at BeaconBid and deliver six sealed hard copies to Kristie Sam in Lafayette, LA, by 2:00 p.m. CST on November 17, 2026. Applicants must submit all questions no later than October 30, 2026.

Key solicitation details

AI-extracted from RFP_ 11-27 Advertisement.pdf, RFP_ 11-27 Specs.pdf. Confirm against the original documents before bidding.

The Lafayette Parish School System is soliciting proposals from qualified investment consulting and advisory firms to serve as the Discretionary Outsourced Investment Advisor for its 403(b) Defined Contribution Plan. The plan currently holds approximately $28 million in total assets serving roughly 1,320 participants. Minority-owned and small business enterprises are strongly encouraged to participate.

Issued by
Lafayette Parish School System
Advertisement Dates
October 12, 2026 and October 19, 2026
Mandatory Intent to Submit Form B Deadline
10/28/26 at 12 PM CST
Deadline for Question Submissions
10/30/26 by 12 PM CST
RFP Submission Deadline
November 17, 2026 at 2:00 p.m. CST
How to submit
Electronic via Beacon Bid and sealed hard copy
Submission details
Submit electronically via https://www.beaconbid.com/solicitations/lafayette-parish-school-system and provide six (6) physical copies to Lafayette Parish School System, Attn. Kristie Sam, 202 Rue Iberville, Lafayette, LA 70508 by November 17, 2026, at 2:00 p.m. CST. Submissions must be strictly anonymized.
Contract term
Five-year initial contract with options for one-year renewals.
Place of performance
Lafayette, Louisiana

How proposals are evaluated

Selection committee evaluation based on a scale170 points
Section 3 pricing questions5 points
Section 4 Questions 8, 9, and 1020 points
Section 5 questions25 points
Section 6 questions10 points
Section 7 question5 points
Section 8 questions15 points

Scope of work

  • Serve as an express ERISA fiduciary to the Plan
  • Draft, review, and regularly update the Investment Policy Statement
  • Construct and continuously oversee a cost-effective, high-quality, and well-diversified investment lineup
  • Support plan operations including asset mapping, plan consolidation, fee benchmarking, and vendor oversight
  • Advise leadership on plan compliance, governance, and participant education
  • Deliver comprehensive 403(b) education to membership
  • Present in person to the Board Insurance Committee if selected as a finalist

Minimum qualifications

  • Must be a qualified investment consulting and advisory firm
  • Must be willing to act as an express ERISA fiduciary to the Plan and provide written confirmation

Documents to include with the bid

  • Written confirmation of express ERISA fiduciary status
  • Exhibit A: Addendum Acknowledgment (if addenda issued)
  • Exhibit B: Intent to Submit Proposal Form (mandatory)
  • Sample quarterly investment due diligence report
  • Affidavit of Publication

Verify important details

Document check

Confirm submission instructions and amendments with the issuing agency before responding.

2 available filesDocuments checked

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