SOLICITATION NOTICE
R -- Advisory Services for the OTS 401(k) Plan Investment Committee - Commercial Items Clauses
- Notice Date
- 7/16/2010
- Notice Type
- Combined Synopsis/Solicitation
- NAICS
- 523999
— Miscellaneous Financial Investment Activities
- Contracting Office
- Department of the Treasury, Office of Thrift Supervision (OTS), Procurement and Administrative Services, 1700 G Street, N.W., 3rd Floor, Washington, District of Columbia, 20552
- ZIP Code
- 20552
- Solicitation Number
- TOTS-D-10-Q-0010A
- Archive Date
- 8/14/2010
- Point of Contact
- Illona M Williams, Phone: 202-906-6193
- E-Mail Address
-
illona.williams@ots.treas.gov
(illona.williams@ots.treas.gov)
- Small Business Set-Aside
- N/A
- Description
- Commercial Items Performance Work Statement Advisory Services to the OTS 401(k) Plan Investment Committee The Office of Thrift Supervision (OTS) is the primary federal regulator of federally-chartered and state-chartered savings associations, their subsidiaries, and their registered savings and loan holding companies. The provisions in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), which created the OTS, provides the Director of OTS the discretionary authority to set compensation and benefits. As such, OTS has offered a private defined contribution plan to its employees since October 8, 1989. Since inception, OTS was part of a multiple employer plan administered by Pentegra Retirement Services (Pentegra) for its private defined contribution plan. As such, Pentegra was the Plan fiduciary and managed the daily operations of the plan including but not limited to monitoring the investment fund line up of the defined contribution plan. After a lengthy competitive procurement process, OTS decided to terminate its relationship with Pentegra and establish a single employer plan with Charles Schwab. In large part the decision was based on the excessive investment management fees and the limited investment options offered by Pentegra. OTS began the OTS 401(k) plan administered by Charles Schwab on May 10, 2009. During the second quarter of 2009, OTS established the OTS 401(k) Plan Investment Committee (the Committee) who is responsible for the plan over-site which includes fiduciary responsibility as well as investment fund monitoring. The committee is comprised of employees that have in-depth financial knowledge and meet in person quarterly and via telephone conference calls, whenever needed. The Committee has had an investment consultant firm provide advisory services to assist in its fiduciary obligations since its inception. The current contract with Portfolio Evaluations Inc. expires August 13, 2010. The period of performance will be for two (2) years to include a base year and a one year option period. The Contractor shall provide support services for investment management and fiduciary guidance to the OTS 401 (k) Plan Investment committee. At a minimum, the contractor shall provide the following services: 1) Quarterly investment reports that will include an Economic Review and Market Performance; Executive Summary of how the plan performed in the review period, an Asset Allocation section that provides earnings/loss analysis of the funds for the review period, a Plan Summary Grid that compares the fund's trailing performance, calendar performance, 5 years Sharpe Ratio, Sector Concentration, Top 10 Holdings Concentration, Fund Management analysis, Expense analysis and a detailed Risk/Return analysis on each investment fund, 2) attendance (in person) at the Committee's Quarterly meetings, 3) monitor the investment fund performances, 4) guidance to the investment committee in fulfilling its fiduciary responsibility which may include attendance during ad hoc telephonic conference calls, 5) review of the laws and regulations impacting the OTS defined contribution plan and provide notification of required actions, and; 6) keep abreast of the financial markets and bring issues to the Committee's attention that may impact the fund's performance, as needed. All proposals submitted in response to this synopsis/solicitation shall include three (3) volumes as described below and adhere to the page limitations. Volume I: Technical Proposal, not to exceed 20 pages, and shall, at a minimum, include: •· Executive Summary to include any exceptions that your firm's proposal takes to the requirements specified in the Performance Work Statement (PWS); •· Technical Approach to include the methodology your firm will take to execute the PWS; frequency and proposed milestones to complete the required services; •· Resumes for personnel that will work under the contract; Volume II: Past Performance, not to exceed 10 pages, shall include points of contact of three (3) references for work performed of the same scope and magnitude as the above requirements and a description of the work performed for each contract. Volume III: Cost/Price Proposal, shall, at a minimum, include: •· Contractor's Duns Number •· All assumptions made to develop the price •· Price (inclusive of travel costs) Evaluation Criteria: Any resultant contract awarded will be based on Best Value Methodology including past performance. Technical Approach and Past Performance when combined are more important than cost. Award will not be made to any contractor not actively registered in the CCR. The successful contractor must be actively registered in the Central Contractor Registration (CCR) found at:https://www.bpn.gov/ccr/default.aspx. All questions regarding this synopsis solicitation must be submitted via email to Illona.Williams@ots.treas.gov no later than 2:00 PM, July 23, 2010. Oral questions will not be accepted. Q uestions received and their answers will be posted to the Federal Business Opportunities Website as an amendment to the synopsis/solicitation.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/TREAS/OTS/PASDC/TOTS-D-10-Q-0010A/listing.html)
- Place of Performance
- Address: Contractor Site and 1700 G Street NW, Washington, District of Columbia, 20552, United States
- Zip Code: 20552
- Zip Code: 20552
- Record
- SN02208498-W 20100718/100716234945-c29c65be9e15e56990808fb757061c2e (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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