20261014-002 - Institutional Investment Management and Fiduciary Services (Oktibbeha County Reserve and Trust Fund)

Proposers must satisfy all of the following minimum criteria as of the proposal submission date. Proposals failing to meet any single criterion will be deemed non-responsive and excluded from qualitative evaluation without further review. 1. Prudential Fiduciary Status: Proposer must be a state- or federally chartered bank or trust company authorized to do business in the State of Mississippi and subject to ongoing prudential supervision by the Mississippi DBCF or the federal OCC. Standalone broker-dealers, RIAs, and insurance entities are statutorily ineligible. 2. Tenure of Corporate Trust Powers: Proposer must hold full national or state trust powers and have continuously exercised those powers for not less than fifteen (15) consecutive years. 3. Consolidated Banking Assets: The proposing banking institution must maintain consolidated banking assets of not less than $15,000,000,000.00 ($15 Billion) as of the most recent calendar quarter-end. 4. Division Trust Scale: The proposing institution's dedicated wealth management or trust division must maintain dedicated assets under management or administration (AUM/AUA) of not less than $1,000,000,000.00 ($1 Billion). 5. Comparable Endowment Experience: Proposer must currently manage or administer at least three (3) perpetual or quasi-perpetual public sector, higher education, or non-profit endowment accounts of not less than $25,000,000.00 ($25 Million) each. 6. Errors and Omissions (E&O) Coverage: Proposer must carry primary Errors and Omissions / Professional Liability insurance in force of not less than $10,000,000.00 ($10 Million) per claim and in the aggregate. 7. Fidelity Bond Coverage: Proposer must maintain a Financial Institution Blanket Bond / Fidelity Bond of not less than $10,000,000.00 ($10 Million) covering employee dishonesty, forgery, and computer fraud. 8. Operational Control Audits (SSAE 18 SOC 1 / SOC 2): Proposer must provide a formal sworn officer attestation in Attachment A and Attachment C confirming that the institution maintains an annual audited SSAE 18 SOC 1 Type II report (covering trust accounting systems) and SOC 2 Type II report (covering cybersecurity, platform infrastructure, and online client interfaces). Prior to final contract award, the selected finalist must furnish the Independent Auditor’s Opinion Letters issued by its external CPA auditing firm, subject to confidential inspection under a bilateral Non-Disclosure Agreement (NDA) if any opinion is qualified. 9. Performance Reporting Standards (Equal Dual-Track Standard): Proposer must submit verifiable, annualized historical performance track records covering at least five (5) years for institutional balanced endowment models (e.g., 60/40 or 70/30 models). The County accepts either: O (a) Certified institutional Time-Weighted Return (TWR) track records generated from institutional trust accounting systems; OR O (b) Global Investment Performance Standards (GIPS) composite performance track records. Both standards are accepted equally on a pass/fail basis during Stage 1 technical screening and evaluated equally during Stage 2 qualitative review. 10. Fiduciary Liability Acceptance: Proposer must formally accept full fiduciary liability under House Bill 4110 and the Mississippi Uniform Prudent Investor Act (Miss. Code Ann. § 91-9-601 et seq.). 11. Custodial Independence Commitment: Proposer must contractually confirm that all Fund assets will be safekept by an independent, third-party, federally regulated custodian bank maintaining not less than $1,000,000,000,000.00 ($1 Trillion) in AUC. Self-custody or affiliated custody is strictly barred. 12. Statutory Blended Fee Cap: Proposer must submit an all-inclusive, fully loaded blended annual fee schedule that does not exceed fifty basis points (0.50%) annually across all asset tiers for the $55,000,000.00 corpus.

Fiduciary Philosophy & IPS Strategy, Track Record & Real Return Capability, Fee Competitiveness & Transparency, Account Significance & Executive Access, Mississippi Presence & Economic Commitment, Relationship Team Continuity & Transition Execution