Description
The Internal Revenue Service (IRS) is conducting market research to identify commercially available and emerging Artificial Intelligence (AI) solutions that can enhance retirement plan compliance activities. The AI solution should be able to securely ingest and analyze structured and unstructured retirement plan data, interpret plan documents and applicable statutory and regulatory requirements, perform retirement plan calculations and compliance analyses, generate reports and workpapers, conduct scenario modeling, and integrate with enterprise systems.
Some key points to consider include:
• The AI solution should provide secure, explainable, and governed AI outputs.
• The solution should be able to integrate with existing enterprise systems such as PegaSystems and Salesforce.
• The IRS is interested in understanding the range of available solutions, including commercially available products and configurable AI platforms.
• Respondents should describe their teaming approach and capabilities, as well as their solution's level of maturity.
• The IRS has not established any requirements regarding teaming arrangements or acquisition strategy.