ID: RFP-20-23-02

The State Universities Retirement System (SURS) is requesting proposals from investment consulting firms to provide defined contribution consulting services to SURS investment staff and SURS 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. The consultant will report to the SURS Board of Trustees and will also be required to work with and provide assistance to the SURS investment and administrative 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 NameDatePages
Defined Contribution ConsultantAugust 1, 202217
Appendix B – Minimum Qualification Requirements and CertificationMicrosoft WordAugust 1, 20221
Appendix C – SURS Diversity Disclosure Microsoft ExcelAugust 1, 20223
Appendix D – Compensation and Economic Opportunity Disclosures Microsoft WordAugust 1, 20222
Appendix E – Defined Contribution Consulting Questionnaire – Microsoft WordAugust 1, 20226
Appendix F – Fee Proposal – Microsoft WordAugust 1, 20221
Appendix G – Additional SURS DC Plan InformationAugust 1, 202296
Question and Answer DocumentAugust 24, 20223
Question 3 – Quarterly Report ExampleAugust 24, 202260


Quiet Period BeginsAugust 1, 2022
RFP IssuedAugust 1, 2022
Responder Questions DueAugust 16, 2022
Responses to QuestionsAugust 25, 2022
RFP Responses Due 4:30 p.m. CSTSeptember 22, 2022
EvaluationsOctober-November 2022
InterviewsDecember 2022
Selection by SURSFebruary 2, 2023

All dates subject to change at SURS discretion