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  5. ›RFP No.2019-09 Pension Administrator

Awarded contract·Town of Palm Beach·Florida

RFP No.2019-09 Pension Administrator

$1MSingle Award
Contract source

Description

The Town of Palm Beach Retirement System is seeking professional plan administration services from proposers with outstanding qualifications, experience, and knowledge in the administration of public retirement plans. The Board of Trustees will award the contract for a period of three years with two additional one-year periods at the Board's option. The contract includes the administration of pension plans and the potential upgrade of pension calculation software. • The contract is for a period of three years with two additional one-year periods at the Board's option. • The contract includes the administration of pension plans. • The contract includes the potential upgrade of pension calculation software. • A pre-proposal meeting was held on February 4, 2019, at 2:00 PM. • The Selection Committee has rejected all proposals, and the Town anticipates a new solicitation later this year.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Industry
Financial Services
NAICS
525110
Solicitation №
2019-09

Contract value

$1,000,000

The contract value is not explicitly stated in the documents. However, based on the scope of work, which includes the administration of pension plans and the potential upgrade of pension calculation software, the contract value could be estimated to be in the range of $100,000 to $500,000 per year, depending on the complexity of the services required and the number of plan participants. The total contract value for the three-year period with two additional one-year periods at the Board's option could be estimated to be in the range of $300,000 to $1,500,000.

AI estimate from the award documents

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