CRSB07-25 - Program Consultant Services

The CalSavers Retirement Savings Board is seeking a consultant to provide technical and administrative consultation services. The consultant will provide expertise on the state-run retirement program industry, including trends in customer service standards, pricing, program comparison analyses, and relevant federal law and regulation. The consultant will also provide educational training in the areas of governance and fiduciary duty. The scope of work includes maintaining awareness of other similar state-administered retirement savings programs, providing guidance on applicable federal laws or regulations, and analyzing industry developments. The consultant will also develop a process to evaluate the Program Administrator’s performance and assist the Executive Director in undertaking due diligence to assess compliance with and adherence to agreed-upon performance metrics. Some key points to consider: * The consultant will report to the Board through the Executive Director * The consultant will be expected to consult and provide strategic direction to the Board at the request of the Executive Director * The consultant will be required to attend meetings at the discretion of the Board, as needed * The consultant will be expected to collaborate and communicate with other consultants, record keepers, and program managers retained by the Board, as needed * The consultant will be required to present a fiduciary training session approximately once every 18 months