Delta County Investor Services RFP 2026
Delta CountyCounty · Delta County, MI- Due
- Sep 14, 2026
- Deadline passed
- Contract term
- 3 years
- Primary contact
- Emily DeSalvo
- (906) 789-5100
The 30-second brief
Delta County, Michigan is soliciting competitive proposals from qualified investment management firms, registered investment advisors (RIAs), or institutional trust companies to establish and manage an investment portfolio for the County's unfunded Defined Benefit pension and Other Post-Employment Benefit (OPEB) liabilities. The selected firm will assist in creating an IRS Section 115 Trust and provide a non-discretionary guided advisory model, ensuring compliance with Michigan Public Act 20 and Public Act 314 (PERSIA). Services include portfolio design, liability-driven investment (LDI) strategies, custodial oversight, and actuarial integration for GASB 67/68 and 74/75 reporting. The contract term is for three years. Proposals must be received by 2:00 pm on September 14, 2026, with a bid opening scheduled for 3:00 pm the same day.
IRS Section 115 Trust creation, Investment recommendations, Monthly performance statements, Quarterly consolidated reporting, Annual fiduciary reviews
Fiduciary status, minimum 5 years public sector experience, insurance requirements, fee transparency, references
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Summary
Delta County, Michigan is soliciting competitive proposals from qualified investment management firms, registered investment advisors (RIAs), or institutional trust companies to establish and manage an investment portfolio for the County's unfunded Defined Benefit pension and Other Post-Employment Benefit (OPEB) liabilities.
The selected firm will assist in creating an IRS Section 115 Trust and provide a non-discretionary guided advisory model, ensuring compliance with Michigan Public Act 20 and Public Act 314 (PERSIA). Services include portfolio design, liability-driven investment (LDI) strategies, custodial oversight, and actuarial integration for GASB 67/68 and 74/75 reporting. The contract term is for three years. Proposals must be received by 2:00 pm on September 14, 2026, with a bid opening scheduled for 3:00 pm the same day.
EVALUATION CRITERIA
5- Fiduciary status
- Minimum 5 years public sector experience
- Insurance requirements
- Fee transparency
- References
REQUIRED DELIVERABLES
5- IRS Section 115 Trust creation
- Investment recommendations
- Monthly performance statements
- Quarterly consolidated reporting
- Annual fiduciary reviews
REQUIRED ATTACHMENTS
3- SEC Form ADV Part 2A/2B
- Fee Proposal
- References
- Submit to
- 310 Ludington St., Escanaba, MI 49829 or [email protected]
- Scope location
- Escanaba, MI
Questions about this RFP
How do I respond to this RFP from Delta County?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is September 14, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: 310 Ludington St., Escanaba, MI 49829 or [email protected]. For questions, contact Emily DeSalvo.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Delta County in MI, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Emily DeSalvo at (906) 789-5100. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: IRS Section 115 Trust creation, Investment recommendations, Monthly performance statements, Quarterly consolidated reporting, Annual fiduciary reviews. Proposals should clearly address how each deliverable will be met.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Fiduciary status, minimum 5 years public sector experience, insurance requirements, fee transparency, references" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from Delta County?
All active and historical solicitations from Delta County are tracked and searchable. As a county agency, Delta County regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 3 years. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: SEC Form ADV Part 2A/2B, Fee Proposal, References. Review the full document from Delta County for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Escanaba, MI. Review the full solicitation for detailed scope requirements.