When is the submission deadline?

Submissions are due July 21, 2026. Questions must be submitted by July 1, 2026.

It was issued by City Of Falls Church. The work is located in Falls Church, Virginia, United States.

Who is a good fit for this opportunity?

Registered and independent institutional financial and investment consulting firm. Demonstrated expertise in public sector retirement and OPEB plans. Experience providing fiduciary and performance evaluation services. Strong track record working with municipal or governmental entities. Ability to conduct organizational and performance audits.

Contributions Retirement Savings and Post-Employment Benefits Consulting Services (Due July 21, 2026)

Overview

Financial, Legal, HR & Staffing

Falls Church, Virginia, United StatesPosted: June 11th, 2026Deadline: July 21st, 2026

Fit Score

Settle Intelligence

Settle helps teams find, qualify, and respond to RFPs. We continuously surface new opportunities, score them against your company strengths, and draft proposal responses so you can focus on the work that wins business.

Learn more about Settle

SUMMARY

Falls Church, Virginia is seeking an independent financial consulting firm to provide fiduciary services and advisory support for its defined benefit, retirement savings, and post-employment benefit plans.

KEY REQUIREMENTS

Must be a Registered Investment Advisor (RIA) with the SEC under the Investment Advisors Act of 1940
Lead investment consultant must have a minimum of ten years of experience representing public retirement plans
Lead investment consultant must be registered to operate in the Commonwealth of Virginia
Must serve as a fiduciary with a verifiable conflict of interest policy
Firm and consultants must not be licensed to sell investment products or collect commissions
Must have verifiable written policies for cybersecurity, PII, and confidentiality
Must have a verifiable written policy on Artificial Intelligence (AI) use cases
Must be able to attend at least four Retirement Board meetings in person annually
Must submit Virginia State Corporation Commission (SCC) registration number or justification for exemption

CONTRACT DURATION

12 months

TIMELINE

Pre-Proposal Meeting: June 18th, 2026

Inquiry Deadline: July 1st, 2026

Proposal Due Date: July 21st, 2026

QUESTION DEADLINE

July 1st, 2026

Issuing Agency

City Of Falls Church

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

The government authority located in Falls Church, Virginia, seeks qualified, independent, and registered institutional financial and investment consulting firms to provide professional services for External Defined Benefits, Defined Contributions Retirement Savings Plans, and Other Post-Employment Benefits (OPEB). The selected firm will act in a fiduciary capacity, offering independent consulting related to the administration and governance of these plans. Services required include asset allocation consultation, performance monitoring, fund and manager selection, and analysis of fee structures.

The City currently manages these plans internally but uses external consultants for record-keeping, custodian financial institutions, investment, actuarial, and legal services. The consultant will evaluate investment manager or mutual fund performance against benchmarks, conduct ongoing evaluations of manager performance and organization, and formulate recommendations in the event of underperformance. Annual organizational and performance audits of each investment manager or mutual fund are required. The City aims to establish a long-term, collaborative relationship based on trust and professionalism while ensuring competitive and transparent pricing for services.

The contract period will be one year, and questions regarding the RFP must be submitted no later than July 1, 2026.

Similar RFPs

Frequently asked questions

When is the submission deadline?: Submissions are due July 21, 2026. Questions must be submitted by July 1, 2026.
Who issued this RFP?: It was issued by City Of Falls Church. The work is located in Falls Church, Virginia, United States.
Who is a good fit for this opportunity?: Registered and independent institutional financial and investment consulting firm
Demonstrated expertise in public sector retirement and OPEB plans
Experience providing fiduciary and performance evaluation services
Strong track record working with municipal or governmental entities
Ability to conduct organizational and performance audits

Stop missing winnable RFPs

Create a free account to search the full database, filter by your criteria, and have new RFPs matched to your business automatically.

See how Settle works