Defined Contribution Retirement Savings & Post-Employment Benefits Consulting Services

The State of Virginia is seeking consulting services for defined contribution retirement savings plans and post-employment benefits.

Falls Church, VA


General
Open
RFP-122501
Jul 21, 2026 04:00 PM
Jun 16, 2026 01:43 PM
Request for Proposal (RFP)
State
Description

The State of Virginia is seeking proposals from qualified firms to provide professional financial and investment consulting services for their Defined Benefit Governmental Retirement Plans, Defined Contribution Retirement Savings Plan, and Other Post-Employment Benefits (OPEB) plans. The selected firm will act in a fiduciary capacity, providing independent advice on asset allocation, performance monitoring, fund/manager selection, and fee structures. The firm must not be licensed to sell products and must adhere to strict conflict of interest policies. Services include annual investment policy reviews, performance evaluations, manager searches, and fiduciary education for the Retirement Board and State staff. The contract will be for an initial 12-month period with four one-year renewal options.

Classification Codes
NAICS541612Human Resources Consulting Services
PSCR431SUPPORT- PROFESSIONAL: HUMAN RESOURCES
Smart Codes
retirement consultingdefined contribution planspost employment benefits
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