Awarded vendors
- CAPTRUST
Description
Arkansas Tech University sought a qualified fiduciary consulting firm to create and train a retirement‑plan committee, develop an Investment Policy Statement, conduct investment lineup reviews, and provide ongoing governance and participant‑education support for its 403(b) and 457(b) plans. The solicitation allowed vendors to propose either a co‑fiduciary or full‑fiduciary service model, with separate pricing for each, and required detailed experience with 403(b) plans, Arkansas state regulations, and higher‑education institutions. The award was made to CAPTRUST, with a contract commencement date of April 1 2026 for an initial one‑year term, renewable annually up to a total of seven years. The solicitation emphasized cost‑effectiveness (30 % weighting) and required extensive certifications, insurance, and data‑security provisions.
• Scope: fiduciary advisory, committee creation, IPS drafting, investment selection, quarterly meetings, and plan‑review analytics.
• Timeline: proposal deadline extended to Jan 6 2026; award announced Mar 12 2026; contract start Apr 1 2026.
• Evaluation: experience (20 %), state law expertise (10 %), personnel qualifications (15 %), approach quality (15 %), cost (30 %), references (10 %).