Specifications include, but are not limited to: The State Treasurer, with the advice and consent of the Board, seeks investment consulting services from the awarded vendor(s) to monitor investments within the College Savings Trust Fund and the Prepaid Trust Fund and their associated programs. It is expected that the awarded vendor would provide quarterly reports to the Board to include recommendations and findings on underlying investments and age-based and risk-based portfolios, as well as annual investment reviews, as noted in more detail in the sections below. In order to award this contract, the awarded vendor(s) must demonstrate that they will: Directly provide a higher level of expertise than is currently available from members of the Board and the State Treasurer. Directly provide and have access to independent and objective opinions. Directly provide information and tools currently unavailable to the Board and State Treasurer; and Recognize and acknowledge the burden of co-fiduciary responsibility owed to the participants of the College Savings Program and the Prepaid Program. The State Treasurer will: Provide the awarded vendor with all program information and financial records. Maintain all College Savings Program and Prepaid Program records. Review all reports and clarify issues prior to presenting them to the Board. Provide results and analysis of the annual actuarial valuation study (compiled by a third-party actuary), annual independent audit reports, quarterly investment performance and program management reports. Facilitate Board meetings for presentations, development, and adoption of performance monitoring policies...
