403-457B Advisory & Consulting Services

This contract awards CAPFinancial Partners (CAPTRUST) comprehensive advisory and consulting services for Fauquier County’s 403(b) and 457(b) retirement plans. The consultant will review plan design, benchmark against comparable public‑sector plans, produce quarterly performance reports, draft/amend plan documents, provide participant communications, and support future RFPs for record‑keeping vendors. The work is a fixed‑price, fee‑for‑service engagement with an initial term ending 31 Oct 2025 and up to five one‑year renewal options, extending potentially through 2029. • Scope covers plan design review, investment analysis, legislative updates, and ongoing advisory meetings. • Contractor must meet insurance, certification, and Virginia SCC registration requirements. • Procurement was conducted via an open electronic solicitation on the Bonfire portal; CAPTRUST was selected after a competitive evaluation.