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Defined Contribution Consultant

Defined Contribution Consultant

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Posted: 
October 27, 2017

The State Universities Retirement System (SURS) is requesting proposals from investment consulting firms to provide defined contribution consulting services to SURS Investment Staff and Board of Trustees.  This is a non-discretionary, full-retainer mandate.  SURS will retain discretion over all manager/fund selection decisions. 

 Respondents to this RFP are encouraged to describe ways in which they believe their firm’s capabilities are unique and add compelling value to assist SURS with the existing defined contribution plan as well as the creation of the recently approved hybrid plan.  This search was authorized by the Board of Trustees and seeks to identify potential defined contribution investment consultants. The consultant will report to the Board of Trustees and will also be required to work with and provide assistance to the SURS investment staff.  It is anticipated that SURS will enter into a five (5) year contract with the consultant, in accordance with the provisions of section 113.14 of the Illinois Pension Code (40 ILCS 5/1-113.14).

Document Name Date
Pages
Defined Contribution Consultant RFP October 27, 2017
14
Defined Contribution Consultant RFP - Microsoft Word October 27, 2017
14
Defined Contribution Consultant RFP - Appendix A Minimum Qualification Certification - Microsoft Word October 27, 2017
1
Defined Contribution Consultant RFP - Appendix B-1 Diversity Disclosure - Microsoft Word October 27, 2017
2
Defined Contribution Consultant RFP - Appendix B-2 Compensation and Economic Opportunity Disclosure - Microsoft Word October 27, 2017
2
Defined Contribution Consultant RFP - Appendix C General Consulting Questionnaire - Microsoft Word October 27, 2017
5
Defined Contribution Consultant RFP - Appendix D Fee Proposal - Microsoft Word October 27, 2017
1
Defined Contribution Consultant RFP - Appendix E - SURS Investment Information October 27, 2017
4

Schedule

Description Date
Quiet Period Begins October 19, 2017
RFP Issued October 30, 2017
Bidders Conference November 17, 2017
Deadline for Responder Questions November 24, 2017
Response to Questions December 1, 2017
RFP Responses Due 4:30 p.m. CST December 22, 2017
Evaluations January 2018
Candidate Interviews Week of February 5, 2018
Selection March 8, 2018
All dates subject to change at SURS discretion
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