North Dakota Public Employees Retirement System - Investment Consultant Services for 457(B) and 401(A) Plans - 2026
North Dakota Public Employees Retirement SystemState · Bismarck, ND- Due
- Jul 31, 2026
- Deadline passed
- Posted
- Jun 10, 2026
- Contract term
- 2 years
- Primary contact
- Katheryne Korom
- (800) 803-7377
The 30-second brief
The North Dakota Public Employees Retirement System seeks qualified firms to provide investment consultant services for its 457(b) Companion Plan and 401(a) Defined Contribution Plan. Scope of services includes quarterly analysis of core investment funds, guidance on investment fund offerings and investment policies, and as-needed RFP development for recordkeeping and investment management services. Additional consulting services include glide path studies, active versus passive studies, member investment education, and legislative proposal assistance. Proposals are due by July 31, 2026, at 5:00 p.m. Central Time, with written questions accepted until June 30, 2026. The initial contract term is 24 months, effective January 1, 2027 through December 31, 2028, with two subsequent two-year renewal options.
Technical Approach (25 points), Pricing & Contract Terms (30 points), Sample product (15 points), Staffing (15 points), Prior Experience (10 points), Organization (5 points)
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Summary
The North Dakota Public Employees Retirement System seeks qualified firms to provide investment consultant services for its 457(b) Companion Plan and 401(a) Defined Contribution Plan.
Scope of services includes quarterly analysis of core investment funds, guidance on investment fund offerings and investment policies, and as-needed RFP development for recordkeeping and investment management services. Additional consulting services include glide path studies, active versus passive studies, member investment education, and legislative proposal assistance. Proposals are due by July 31, 2026, at 5:00 p.m. Central Time, with written questions accepted until June 30, 2026. The initial contract term is 24 months, effective January 1, 2027 through December 31, 2028, with two subsequent two-year renewal options.
EVALUATION CRITERIA
REQUIRED ATTACHMENTS
7- Technical Proposal
- Price Proposal
- Request for Redaction chart
- Conflicts of Interest List
- Attachment A Performance Standards and Guarantees
- Signed Contract redline or acceptance
- Certificate of Insurance
REQUIRED STAFFING
3- Submit to
- [email protected]
- Duration
- 72 months
- Scope location
- Bismarck, ND
Questions about this RFP
How do I respond to this RFP from North Dakota Public Employees Retirement System?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is July 31, 2026. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: [email protected]. For questions, contact Katheryne Korom.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including North Dakota Public Employees Retirement System in ND, 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 Katheryne Korom at (800) 803-7377. Questions and answers are typically shared with all prospective bidders.
What staffing is required for this project?
This solicitation outlines specific staffing requirements. The required roles include: Investment Consultant, Research Analyst, Senior Advisor. Proposers should demonstrate relevant qualifications and experience for each required role.
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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: "Technical Approach (25 points), Pricing & Contract Terms (30 points), Sample product (15 points), Staffing (15 points), Prior Experience (10 points), Organization (5 points)" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from North Dakota Public Employees Retirement System?
All active and historical solicitations from North Dakota Public Employees Retirement System are tracked and searchable. As a state agency, North Dakota Public Employees Retirement System 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 2 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: Technical Proposal, Price Proposal, Request for Redaction chart, Conflicts of Interest List, Attachment A Performance Standards and Guarantees, Signed Contract redline or acceptance, Certificate of In. Additionally, proposals should address staffing requirements as outlined in the solicitation. Review the full document from North Dakota Public Employees Retirement System for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Bismarck, ND. Review the full solicitation for detailed scope requirements.
