High‑Cost SEI OCIO Proposal Not Advanced
Burlington International Airport AuthorityAirport Authority · South Burlington, VT- Disclosed value
- $343,000/year (0.14%); $1,715,000 estimated 5‑year cost
- From agenda
- Document date
- Jan 26, 2026
The 30-second brief
SEI Investments proposed an outsourced CIO arrangement for the Burlington Employees’ Retirement System at $343,000 per year, totaling an estimated $1.7 million over five years. Staff declined to recommend SEI as a finalist due to the high cost and the governance changes associated with the OCIO model.
Sei Investments holds this financial services contract with Burlington International Airport Authority. Its other public contracts on record include work for Chicopee Contributory Retirement System and West Pleasant Valley Fire District.
Term as filed: Proposed OCIO engagement with 5‑year cost estimate; annual fee quoted at $343,000.
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Contract details
- Contract type
- Financial Services
- Amount
- $343,000/year (0.14%); $1,715,000 estimated 5‑year cost
- Document date
- January 26, 2026
- Term
- Proposed OCIO engagement with 5‑year cost estimate; annual fee quoted at $343,000
- Vendor
- Sei Investments
- Source document
- Burlington Retirement Board Agenda January 2026 (Agenda)
Sei Investments's other public contracts
More Burlington International Airport Authority contracts
Questions about this contract
Who was awarded the financial services contract by Burlington International Airport Authority?
Sei Investments was awarded this financial services contract by Burlington International Airport Authority, as recorded on January 26, 2026. The contract value is $343,000/year (0.14%); $1,715,000 estimated 5‑year cost.
How much is the Sei Investments contract with Burlington International Airport Authority worth?
The Sei Investments contract with Burlington International Airport Authority is valued at $343,000/year (0.14%); $1,715,000 estimated 5‑year cost, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Burlington Retirement Board Agenda January 2026 (Agenda), dated January 26, 2026 from Burlington International Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sei Investments hold?
Sei Investments may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Burlington International Airport Authority currently buying?
Explore Burlington International Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.