Gallagher Benefits Services, Inc.Rolling Meadows, IL
Marquette Associates, Inc.Chicago, IL
Unsuccessful respondents (1)
Buyer for this procurement: Jay Simpson, (217) 265-0434
State purchasing officer for this procurement: Geno Marchizza
Award for Gallagher Benefits Services, Inc., is for Category 1, Required Services with Optional Services.
Award for Marquette Associates, Inc. is for Category 2 and Category 3, Required Services with Optional Services.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
The Illinois Public Higher Education Cooperative (IPHEC) seeks a vendor to perform annual monitoring services, evaluation, and recommendations for investment vendors and investment option offerings under the IPHEC universities' 403(b) retirement plans. In addition, the IPHEC is looking to engage a vendor for the following optional services: create a streamlined and/or tiered investment menu; provide biannual and quarterly monitoring services, evaluation, and recommendations; conduct fee benchmarking studies; and provide general retirement plan consulting.
Please note: There will be a non-mandatory pre-proposal tele-conference on October 13th, at 9:30 am local time. Details are in Section 1.5 of the RFP. Although not mandatory, participation in this pre-proposal conference is highly advised as state requirements for proposal responsiveness will be discussed.
This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.
The State of Illinois has a policy to encourage prospective vendors to hire qualified veterans, minorities, females, persons with disabilities and ex-offenders.