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Public Higher Education Bulletin

 
University of Illinois System
RFP #1JWS1804

Request for Proposal: Retirement Plan Monitoring/Consulting Services

Renewal Info
Published Monday November 21, 2022
Renewal entered into with:
Vendor: Gallagher Benefits Services, Inc.
Amount: An estimated $5,000,000
Renewal: 3rd of 4, 1/1/2023 through 12/31/2024
Pricing Changes: 
Price will increase 10%
Service/Product Changes: 
None
Potential Future Renewals: $5,000,000
Vendor: Marquette Associates, Inc.
Amount: An estimated $5,000,000
Renewal: 3rd of 4, 1/1/2023 through 12/31/2024
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: $5,000,000
The buyer for this procurement is now Graham LaMontagne , (217) 300-6452.
The Chief Procurement Officer for this procurement is now John Donato.
The State Purchasing Officer for this procurement is now Geno Marchizza.
The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.

The University award process may be delayed up to thirty days as this award goes through a state approval process.
Change Order
Published Friday October 21, 2022
Vendor: Gallagher Benefits Services, Inc.
Change Order Amount: $0
This is a zero dollar change order noting that Gallagher Benefits Services, Inc. notified IPHEC that they wish to assign the award over to Gallagher Financial Advisors LLC.

The University award process may be delayed up to thirty days as this award goes through a state approval process.
Renewal Info
Published Wednesday December 9, 2020
Renewal entered into with:
Vendor: Gallagher Benefits Services, Inc.
Amount: An estimated $5,000,000
Renewal: 2nd of 4, 1/1/2021 through 12/31/2022
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: $5,000,000
Vendor: Marquette Associates, Inc.
Amount: An estimated $5,000,000
Renewal: 2nd of 4, 1/1/2021 through 12/31/2022
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: $5,000,000
The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.

The University award process may be delayed up to thirty days as this award goes through a state approval process.
Renewal Info
Published Wednesday October 24, 2018
Renewal entered into with:
Vendor: Gallagher Benefits Services, Inc.
Amount: An estimated $5,000,000
Renewal: 1st of 4, 1/1/2019 through 12/31/2020
Pricing Changes: 
none
Service/Product Changes: 
none
Potential Future Renewals: $5,000,000
Vendor: Marquette Associates, Inc.
Amount: An estimated $5,000,000
Renewal: 1st of 4, 1/1/2019 through 12/31/2020
Pricing Changes: 
none
Service/Product Changes: 
none
Potential Future Renewals: $5,000,000
The buyer for this procurement is now Graham LaMontagne , (217) 300-6452.
The State Purchasing Officer for this procurement is now Geno Marchizza.

The University award process may be delayed up to thirty days as this award goes through a state approval process.

Award Info Published Friday February 16, 2018

Gallagher Benefits Services, Inc.Rolling Meadows, IL

  • Amount: An estimated $339,500
  • Terms: An estimated start date of 3/1/2018 through 12/31/2018
  • Renewals: 4 two-year
  • Potential Future Renewals: $2,926,490

Marquette Associates, Inc.Chicago, IL

  • Amount: An estimated $455,000
  • Terms: An estimated start date of 3/1/2018 through 12/31/2018
  • Renewals: 4 two-year
  • Potential Future Renewals: $4,350,972.04

Unsuccessful respondents (1)

Buyer for this procurement: Jay Simpson, (217) 265-0434

State purchasing officer for this procurement: Geno Marchizza

Comments:
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.

This notice has been modified
Published Monday October 16, 2017
Amendment 1 is issued to provide general information and answers to questions received at the October 13th, 2017 pre-proposal conference.
First published Wednesday, October 11, 2017
Sealed proposals will be accepted below until 4:00 PM, Thursday October 26, 2017:
At the following address:
Strategic Procurement
Illini Plaza, Suite 202
1817 South Neil Street, MC-603
Champaign, IL 61820
Note: This is a resolicitation of 1JWS1803. Any changes from the prior solicitation document (1JWS1803) are noted in red. All vendors are invited to participate.

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.


For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
Jay Simpson
System Purchasing and Support Services
507 E Green Street
Suite 501, MC-407
Champaign, IL 61820
Phone: (217) 265-0434
State Purchasing Officer - Geno Marchizza
Submit 1 copies of the response as defined in the specifications.
The University reserves the right to accept or reject any and all responses or parts thereof.
Illinois Department of Human Rights (IDHR) eligibility number is required on all proposals, if applicable.
The contract(s) for this solicitation could exceed $50,000 annually.

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.

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To obtain documents, log on:
Specification Documents
  • 1JWS1804.docx (129 KB)
  • 1JWS1804Addendum.pdf (88 KB)
  • 1JWS1804Amendment1.pdf (58 KB)
  • ISU_Funds_1JWS1804.pdf (47 KB)
  • NIU_Funds_1JWS1804.pdf (1 MB)
  • SIUC_Funds_1JWS1804.pdf (3 MB)
Public Opening Documents
  • 1JWS1804SolicitationTab.pdf (526 KB)
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