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NYS Deferred Compensation Plan·New York

Stable Value Structure Manager

Closes 2/11/2026$2.5M – $10MRequest for ProposalLogin required
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Description

Pursuant to the provisions of 9 NYCRR, Section 9003.2, authorized by Section 5 of the State Finance Law, the New York State Deferred Compensation Board, beginning January 7, 2026 is soliciting proposals from Financial Organizations to provide Stable Value Structure Management services. The Stable Value Structure Manager will be responsible for the overall structural management and aggregate risk characteristics of the Plan’s Stable Income Fund. The Stable Income Fund is offered as an investment option under the Deferred Compensation Plan for Employees of the State of New York and Other Participating Public Jurisdictions, a plan meeting the requirements of Section 457 of the Internal Revenue Code and Section 5 of the State Finance Law, including all rules and regulations issued pursuant thereto. A copy of the request for proposals may be obtained from Tom Shingler ([email protected]) or Hannah Vieira ([email protected]). All proposals must be received no later than the close of business on February 11, 2026. This notice was prepared by Tara Anderson, Procurement Coordinator, New York State Deferred Compensation Plan, 1450 Western Avenue, Albany, NY, 12203. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: Goldman Sachs Asset Management, LP

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Tom Shingler(Senior Vice President)

[email protected]

(908) 522-3888

Key dates

Opened
1/7/2026
Closes
2/11/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523920
Solicitation №
C260002

Budget estimate

$2,500,000 – $10,000,000

The budget for this opportunity is difficult to estimate, as the document does not provide a specific amount. However, considering the contract term is 5 years and the scope of work involves managing the Stable Income Fund, the budget could be substantial. Assuming the fund has a significant amount of assets under management, the annual fee for the Stable Value Structure Manager could be in the range of $500,000 to $2 million, depending on the complexity of the services and the experience of the manager. Over the 5-year contract term, the total budget could be between $2.5 million and $10 million.

AI estimate from the solicitation

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