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RFI for Self-Directed Brokerage Window Service

Ohio Public Employees Retirement SystemOhio, USADue Friday, November 13, 2026
Client
Ohio Public Employees Retirement System
Solicitation No.
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Posted
10/21/2026
Category
Professional, Consulting, Administrative or Management Support Services
Budget
Looking for Proposals
NAICS
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Set-aside
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Contact
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Description

AI Generated

The government authority in Columbus, Ohio seeks information from qualified vendors to provide a self-directed brokerage window service for state employee retirement benefits. The buyer requires a platform that restricts participant trading exclusively to open-end mutual funds and exchange-traded funds, while blocking individual equities, fixed income, options, and margin at the account level. Eligible applicants must be onshore USA organizations operating as registered broker-dealers in good standing with FINRA and SIPC. Vendors need at least five years of experience providing these services to tax-qualified and governmental defined contribution retirement plans, and must currently manage such services for at least 10 retirement plans or $1 billion in SDBA assets. Work will occur offsite, and the buyer is requesting budget proposals.

Key solicitation details

AI-extracted from RFI-Defined-Contribution-Plan-Self-Directed-Brokerage-Window.pdf. Confirm against the original documents before bidding.

The Ohio Public Employees Retirement System is issuing a Request for Information seeking a Self-Directed Brokerage Window service for its Defined Contribution Plan. The search focuses on a mandate of about $100 million where plan members may invest in open-end mutual funds and unlevered, long-only exchange-traded funds. Prospective registered broker-dealers with relevant experience in tax-qualified or governmental plans are invited to respond.

Issued by
Ohio Public Employees Retirement System
RFI Response Deadline
November 13, 2026, 5:00PM (Eastern Daylight Time)
Semi-Finalist Meetings at OPERS
January 2027
Finalist On-Site Due Diligence
April - May 2027
Selection of Broker
July 2027
How to submit
email
Submission details
All responses must be delivered by November 13, 2026, 5:00PM EDT to [email protected]. Include a redacted copy for Ohio Public Records Act requests.
Place of performance
Offsite
Insurance and bonding
Carries fidelity bond and errors & omissions / fiduciary liability insurance coverage in amounts customary for a firm of its size and scope.

Scope of work

  • Self-directed brokerage window platform for Defined Contribution Plan
  • Integration with Plan recordkeeper Voya for daily trading and balance file feeds
  • Platform restrictions limiting participant trading to open-end mutual funds and ETFs only
  • Account-level blocking of individual equities, individual fixed income, options, margin, and other security types
  • Participant web, mobile experience, trading capabilities, and educational materials
  • Conversion, implementation, and in-kind asset transfer administration
  • Plan sponsor and recordkeeper reporting on utilization, asset allocation, trading activity, and fees

Minimum qualifications

  • Registered broker-dealer and member of FINRA and SIPC, in good standing
  • Minimum of FIVE (5) years of experience providing SDBA services to tax-qualified and/or governmental defined contribution retirement plans
  • Currently provides SDBA services to at least 10 retirement plans and/or $1 BILLION in SDBA assets
  • Currently provides SDBA services to at least THREE (3) public-sector defined contribution plans with $100mm+ in SDBA assets
  • Able to support integration with plan recordkeeper Voya, including daily trading and balance file feeds
  • Platform restricts trading to open-end mutual funds and ETFs only, blocking individual equities, fixed income, options, and margin
  • Carries customary fidelity bond and errors & omissions / fiduciary liability insurance coverage
  • No material regulatory action, censure, or fine by SEC, FINRA, or state regulator within the past five years

Documents to include with the bid

  • Redacted copy of response identifying trade secret or exempt information
  • Attachment 1 - Broker Certification
  • Attachment 2 - Questionnaire response
  • Current organizational chart of firm and proposed solution team
  • Professional bios for staff aligned with proposed solution
  • Sample reporting reports
  • Sample participant-facing disclosure and enrollment materials

Verify important details

Document check

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

1 available fileDocuments checked

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