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Request for Proposals
August 15, 2019
The Teachers’ Retirement System of the State of Illinois (“TRS” or “the System”) is requesting proposals for third-party recordkeeping, administrative, and possible custodial services to the TRS Supplemental Savings Plan. The objective of this Request for Proposal is to solicit competitive proposals from qualified vendors in sufficient detail to permit objective evaluation of all proposals which may result in a contract to provide full-service recordkeeping and administrative services for a new optional supplemental defined contribution plan.
TRS is committed to increasing racial, ethnic, and gender diversity in all aspects of its utilization of vendors to provide goods and services to the System, to the greatest extent feasible, and within the bounds of financial and fiduciary prudence. To that end, the System strongly encourages qualified minority, female, disabled, and veteran-owned vendors to submit proposals to this RFP.
A proposer’s preparation and submittal of a proposal or subsequent participation in presentations or contract negotiations creates no obligation on the System to award a contract or to pay any associated costs. All proposals and related materials will be retained by the System and will be subject to disclosure as required in accordance with the Illinois Freedom of Information Act.
Proposal packets are available below. Proposals must be submitted in writing and delivered to the above address by hand delivery, certified mail, or overnight delivery between 8:30 a.m. and 4:30 p.m. Monday through Friday. All proposals must be received no later than 2:00 p.m. CST on September 16, 2019. Proposals received after this deadline will not be considered. TRS will publicly open and announce the names of the proposers immediately after the above-specified deadline. TRS reserves the right to reject any and all proposals or to waive any irregularity in the Request for Proposal process.