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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 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
Awarded to:
Vendor: 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
Vendor: 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
Number of Unsuccessful, Responsive Respondents: 1
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 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.
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 at the address below until 3:00 PM, Thursday October 26, 2017:

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 additional information, contact:
Jay Simpson
Strategic Procurement
1817 South Neil Street
Suite 202
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. There is a BEP goal for this procurement. See solicitation documentation for details. 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)