(1) Vendor needs to provide investment management consultant services to the government authority located in Nevada.
- Provide consulting advice in dealing with its defined contribution retirement program
- Must demonstrate a history of providing expert services to governmental and higher education sponsors of defined contribution retirement programs for employees.
1. General Plan Diligence and Compliance Consulting:
- Monitor and provide independent alerts to impending risks that may impact providers, fund managers and fund performance.
- Monitor and advise on key industry trends and developments regarding the contribution retirement program.
- Conduct an annual compliance review of the total contribution retirement program, including orphan accounts.
- Advise on an action plan to resolve any non-compliances that require correction.
- Providing recommendations about proxy votes relating to the investments in the contribution retirement program.
- Provide recommendations to ensure agency is fulfilling its fiduciary responsibilities
2. Plan Administration, Recordkeeping and Cost Structure:
- Advise the contribution retirement program on plan administration best practices.
- Evaluate the contribution retirement program's administrative cost structure and recommend changes to optimize plan participants' opportunity to achieve an investment return over time conducive to accumulating retirement wealth.
3. Investment Vehicle Searching, Selection, Monitoring and Reporting:
- Guide the contribution retirement program through an annual review of the investment policy statement.
- Define the process for systematically reviewing and monitoring the performance of investment funds against well-defined benchmarks.
- Provide an overview of general market conditions
- Provide comprehensive analysis and report on investment management, recordkeeping, and administrative fees and revenue sharing.
- Provide a high level of market analysis and updates regarding major changes in the investment provers (key personnel changes, rate changes and other noteworthy items) on a quarterly basis.
- Conduct Fund searches as needed.
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