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City of Falls Church·Virginia

Defined Benefits and Contributions Retirement Plans & Post Employment Benefits Consulting Services

Closes 7/21/2026$100k – $500kRequest for Proposal
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Description

The City of Falls Church is seeking a consultant to provide defined contributions retirement savings and post-employment benefits consulting services. The selected consultant will be responsible for providing professional services to assist the City in the administration of its retirement plans. The scope of work includes providing investment consulting services, conducting plan reviews, and making recommendations for plan improvements. The consultant will also be required to provide ongoing monitoring and reporting services to ensure the plans are being managed in accordance with the City's goals and objectives. Key considerations for this project include the consultant's experience in providing similar services to public sector clients, their knowledge of current market trends and best practices, and their ability to provide high-quality customer service. • The consultant will be required to provide a detailed scope of work outlining their approach to providing the required services. • The consultant will be required to provide a detailed breakdown of their costs, including all fees and expenses associated with providing the services. • The consultant will be required to provide references from at least three previous clients who have received similar services. • The consultant will be required to provide proof of insurance and certifications as required by the City. • The consultant will be required to comply with all applicable laws and regulations, including those related to confidentiality and data protection.

Attached files

Contact

Cordell Myers(Deputy Purchasing Agent)

[email protected]

(571) 666-1809

Key dates

Opened
6/9/2026
Questions due
7/1/2026
Pre-bid meeting
6/18/2026
Closes
7/21/2026
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
541610
Solicitation №
RFP 0501-26 Pension Invest

Budget estimate

$100,000 – $500,000

Based on the scope of work, it is estimated that the budget for this project will be in the range of $100,000 to $500,000. This estimate is based on the assumption that the consultant will be required to provide a comprehensive range of services, including investment consulting, plan reviews, and ongoing monitoring and reporting. The actual budget will depend on the specific services required by the City and the level of expertise and experience of the selected consultant. Factors that may influence the likely payment range include the complexity of the City's retirement plans, the level of competition among consultants, and the City's budget for the project.

AI estimate from the solicitation

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