When is the submission deadline?

Submissions are due November 27, 2026. Questions must be submitted by November 4, 2026.

What is the budget for this RFP?

Settle estimates the budget at $250,000 – $750,000. The issuer has not published an official figure.

It was issued by State University of New York. The work is located in Albany, New York, United States.

Retirement Plan Consultant (Due November 27, 2026)

SUMMARY

The State University of New York is seeking a full-service retirement plan consulting firm to provide fiduciary investment-related consulting services for its Defined Contribution Retirement Plans.

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DESCRIPTION

The State University of New York (SUNY) is soliciting proposals for a full-service retirement plan consulting firm to act as a fiduciary for its Defined Contribution Retirement Plans, which include the Optional Retirement Program (ORP), the SUNY ORP Pre-1990/Classified TDA Plan, the SUNY Voluntary 403(b) Savings Plan (VSP), and the New York State Voluntary Defined Contribution Plan (VDC). The selected firm will provide end-to-end project management, fiduciary investment advice, governance support, vendor coordination, and participant engagement across a complex, multi-vendor environment with approximately 140,000 participants and $32.9 billion in assets. The initial contract term is three years, with an option for a two-year extension.

KEY REQUIREMENTS

Must have provided consulting services to defined contribution plans similar to those described in the RFP during the last five years
Must have at least five public and/or private DC plan sponsor clients with assets under advisement aggregating to at least one billion dollars
Must have at least one higher-education institution client among the five required clients
Must have provided defined contribution consulting services to at least five clients whose assets are held across multiple vendors and who have multiple employer sites
Must not be in bankruptcy, conservatorship, receivership, or in the possession of a regulatory agency
Must meet all regulatory requirements for the consulting services
Must comply with federal and NY state regulations governing digital accessibility
Must have experience with annuity contracts to analyze costs, value, and general accounts
Must be willing to assume fiduciary responsibilities for the SUNY Defined Contribution retirement plans

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TIMELINE

Questions due: November 4th, 2026

Answers provided: November 13th, 2026

Proposals due: November 27th, 2026

Issuing Agency

State University of New York

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CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Retirement Plan Consultant