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North Dakota Public Employees Retirement System·North Dakota

Investment Consultant Services for 457(B) Deferred Compensation Plan and 401(A) Defined Contribution Plan

Closes 7/31/2026$500k – $2MRequest for Proposal
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Description

The North Dakota Public Employees Retirement System (NDPERS) seeks a qualified investment‑consulting firm to provide advisory services for its 457(b) Deferred Compensation (Companion) Plan and its 401(a) Defined Contribution Plan. The contract will run for an initial two‑year period beginning January 1 2027 and ending December 31 2028, with the possibility of renewal. Firms must respond to the RFP by the July 31 2026 deadline; questions are due June 30 2026. The award is expected in October or November 2026. • Provide investment consulting, including portfolio recommendations, fiduciary oversight, and reporting for two state‑run retirement plans. • Work is primarily advisory; likely performed remotely with occasional meetings with NDPERS staff. • Contract term is two years, with potential extensions, and requires compliance with state‑level retirement plan regulations.

Attached files

Contact

[email protected]

Key dates

Opened
6/10/2026
Questions due
6/30/2026
Closes
7/31/2026
Projected award
10/1/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523920
Solicitation №
SRC000304

Budget estimate

$500,000 – $2,000,000

No budget is disclosed. Based on typical state‑level investment‑consulting contracts for multi‑billion‑dollar retirement assets, a two‑year engagement could range from $500,000 to $2,000,000, depending on scope depth, staff levels, and deliverables. Larger firms may command the higher end, while boutique consultancies might be nearer the lower end.

AI estimate from the solicitation

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