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 Name | Date | Pages |
|---|---|---|
| Defined Contribution Consultant | August 1, 2022 | 17 |
| Appendix B – Minimum Qualification Requirements and Certification – Microsoft Word | August 1, 2022 | 1 |
| Appendix C – SURS Diversity Disclosure – Microsoft Excel | August 1, 2022 | 3 |
| Appendix D – Compensation and Economic Opportunity Disclosures – Microsoft Word | August 1, 2022 | 2 |
| Appendix E – Defined Contribution Consulting Questionnaire – Microsoft Word | August 1, 2022 | 6 |
| Appendix F – Fee Proposal – Microsoft Word | August 1, 2022 | 1 |
| Appendix G – Additional SURS DC Plan Information | August 1, 2022 | 96 |
| Question and Answer Document | August 24, 2022 | 3 |
| Question 3 – Quarterly Report Example | August 24, 2022 | 60 |
Schedule
| Description | Date |
|---|---|
| Quiet Period Begins | August 1, 2022 |
| RFP Issued | August 1, 2022 |
| Responder Questions Due | August 16, 2022 |
| Responses to Questions | August 25, 2022 |
| RFP Responses Due 4:30 p.m. CST | September 22, 2022 |
| Evaluations | October-November 2022 |
| Interviews | December 2022 |
| Selection by SURS | February 2, 2023 |
All dates subject to change at SURS discretion