Pension Trust Custody and Administrative Services
Overview
Settle Signals
Market intelligence for public sector sales teams
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.
SUMMARY
KEY REQUIREMENTS
BUDGET
EstimateCONTRACT DURATION
TIMELINE
Issue Date: June 23rd, 2026
Due Date: July 23rd, 2026
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
City Of Fairfax
DESCRIPTION
The selected vendor will provide comprehensive pension trust custody and administrative services to a government authority in Fairfax, Virginia. Responsibilities include the safekeeping, custody, administration, and reporting of plan assets, with strict adherence to applicable laws, fiduciary standards, and industry best practices.
The contractor must deliver integrated custodial, accounting, and investment support services, ensuring secure handling and efficient settlement of trades as well as global custody. This includes accurate daily accounting, valuation, reconciliation, and recordkeeping. Performance measurement and reporting are essential, alongside independent compliance monitoring to ensure adherence to the Investment Policy Statement with clear exception identification and reporting. Additional required services cover income collection, corporate action processing, and support for both traditional and alternative investments.
The vendor should also offer cash management and a secure, intuitive online platform providing real-time access to relevant data. Complete and accurate reporting must be provided for audits, actuarial valuations, and regulatory compliance. Superior client service, with dedicated relationship management, ongoing operational support, staff training, and assistance with governance reporting, is required. The contract includes the administration of retiree-related services and spans a five-year period.
Similar RFPs
Frequently asked questions
- When is the submission deadline?
- This RFP closed on July 23, 2026 and is no longer accepting submissions.
- What is the budget for this RFP?
- Settle estimates the budget at $178,000,000. The issuer has not published an official figure.
- Who issued this RFP?
- It was issued by City Of Fairfax. The work is located in Fairfax, Virginia, United States.
- Who is a good fit for this opportunity?
- Proven experience in pension trust custody and administration
- Knowledgeable of U.S. government and ERISA compliance requirements
- Capability to support both traditional and alternative investments
- Robust technology infrastructure for secure, real-time online reporting
- Strong client service team with experience in public sector relationship management
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.