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  5. ›Missouri 529 College Savings Program Management Services

State of Missouri, Office of Administration, Division of Purchasing·Missouri

Missouri 529 College Savings Program Management Services

Closes 3/5/2026$10M – $50MRequest for Proposal
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Description

The State of Missouri is seeking a program manager to provide investment management services for the Missouri 529 College Savings Program. The program manager will be responsible for managing the program's investments, providing customer service, and performing administrative tasks. The contract period is expected to be from the effective date of the contract through June 30, 2032. The program manager must have at least five years of experience managing 529 programs or similarly structured and sized investment programs. The program manager must also have demonstrated 529 conversion experience and have sufficient capital to assume responsibility for and provide ongoing services for the program. Key aspects of the job include: • Providing investment management services for the program • Managing the program's investments and providing customer service • Performing administrative tasks such as recordkeeping and account maintenance • Ensuring compliance with all applicable laws and regulations • Providing quarterly reports to the state agency • Maintaining a rigorous cybersecurity plan and notifying the state agency of any security breaches

Attached files

Contact

Mertrell Nickens(Buyer)

[email protected]

(573) 751-7656

Key dates

Opened
1/28/2026
Questions due
2/9/2026
Closes
3/5/2026
Duration
72 months

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523920
Solicitation №
STATE 0000000279SL,1

Budget estimate

$10,000,000 – $50,000,000

The budget for this opportunity is difficult to estimate without more information about the program's assets and the fees associated with the investment management services. However, based on the information provided, it appears that the program manager will be responsible for managing a significant amount of assets, potentially in excess of $4 billion. Assuming a fee structure similar to that of other 529 programs, the budget for this opportunity could be in the range of $10 million to $50 million per year, depending on the specific terms of the contract and the performance of the program manager.

AI estimate from the solicitation

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