Printer Friendly

Discretionary Consulting Services.

Tenders are invited for Discretionary Consulting Services

Purpose :

The Treasurer And Receiver General Of The Commonwealth Of Massachusetts ( treasurer ), Requests Responses From Experienced And Qualified Firms Interested In Providing Discretionary Consulting Services To The Planned Commonwealth Of Massachusetts 401(k) Program For Not-for-profit Employers (the 401(k) Program ). The Office Of The Treasurer And Receiver General ( treasury ) Reserves The Right, On Behalf Of This Planned 401(k) Program, To Utilize Any Options Contemplated In This Rfr. More Detailed Descriptions Of These Services Sought Through This Rfr Are Set Forth Under Section Vi.a. "scope Of Services . etc.

SCOPE OF SERVICES:

The purpose of this Request for Response is to select one or more firms to provide discretionary consulting services for the planned Commonwealth of Massachusetts 401(k) Program for Not-forProfit Employers ( 401(k) Program ). Developing, implementing and monitoring the investment line-up for the 401(k) Program as an outsourced CIO. The anticipated services will include but are not limited to: 1. Custom glide path target date fund Services: Acting as an outsourced CIO, develop a custom glide path and manage a suite of custom target date funds for the 401(k) Program. Delegated investment services to include but are not limited to establishing the asset allocation (glide path), selecting and monitoring investment managers, implementing portfolio decisions (both strategic and tactical), developing participant communications materials, providing on-going oversight/management, governance and performing risk assessments of each target date fund portfolio. 2. Custom Objective Based Portfolios Development/oversight: Acting as an outsourced CIO, develop and manage four custom objective based portfolios consisting of: Growth Portfolio, Income Portfolio, Capital Preservation Portfolio and Inflation Protection Portfolio. Delegated investment management services to include but are not limited to establishing the asset allocation for each fund, selecting and monitoring investment managers, implementing portfolio decisions (both strategic and tactical), developing participant communications materials, providing on-going oversight/management, governance and performing risk assessments of each objective based fund portfolio. If a stable value product is preferred for the capital preservation fund, the consultant will have discretion to select the most appropriate stable value manager and product for that mandate. *Growth Portfolio: For participants with a long term savings horizon who are in the accumulation phase of their retirement savings. *Income Portfolio: For participants near or in retirement who need a steady stream of retirement income with a low level of investment risk. *Capital Preservation Portfolio: For participants who seek capital preservation of their retirement portfolio. *Inflation Protection Portfolio: Seeks to provide participants with a rea

Major organization : OFFICE OF THE STATE TREASURER

Address : One Ashburton Place,

12th Floor, Boston,

Massachusetts 02108

Contact Person: Jameel Moore,

Country :United States

Email : procurements@tre.state.ma.us

Notice type : Tender Notice

Open date : 2016-01-15

Tender documents : T31147077.pdf

[c] 2015 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
COPYRIGHT 2015 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Geographic Code:1U1MA
Date:Dec 20, 2015
Words:470
Previous Article:Professional Engineering/Consultant Services (On Call).
Next Article:400 qty 3 part carbonless form, 8-1/2 x 11, one sided common plate, front page prints in color, pages 2 & 3 are black & white, consecutive numbering...
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters