Specifications include, but are not limited to: The State Board of Administration, Office of Defined Contribution Programs (ODCP), is seeking responses from qualified businesses (hereinafter referred to as Respondents or Vendors) offering retirement-related web-based financial education services; The vendor selected to provide asset guidance services to FRS members as required under section 121.4501, F.S., may not be an Approved Investment Plan Provider. An “Approved Investment Plan Provider” is defined under the statute as a private sector company that is selected and approved by the SBA to offer one or more investment products or services to the FRS Investment Plan. There is no prohibition against the selected provider being an investment product provider, or being affiliated with a provider, under the State University System Optional Retirement Program, the State Community College System Optional Retirement Program, or the Senior Management Service Optional Annuity Program. There is also no prohibition against a selected provider being an investment product provider, or being affiliated with a provider, under any of the voluntary tax deferred savings plans sponsored by any participating employers of the State or its agencies, local governments, cities, or special districts. These plans include IRC Section 403(b), 457, 401(k), and any similar plans. The issuance of this solicitation is merely the beginning of the negotiation process. Alternate means of accomplishing the requirements specified herein, with reasonable assurance of satisfactory results, will be considered and may be accepted, at the SBA’s sole discretion, without further addendum to the solicitation. The SBA may, at its sole discretion, enter into one or more contracts that include terms (including terms relating to pricing and services) that are materially different from the requirements of this solicitation or the terms of any response submitted under this solicitation.
