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eRFP ANNOUNCEMENT – Consultant RFP has been issued July 27, 2016

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Stanford University is seeking consulting services related to the fiduciary review of the investment funds it offers through its three retirement plans, the Stanford Contributory Retirement Plan (SCRP) – $5.8 billion, the Staff Retirement Annuity Plan (SRAP) – $268.1 million, and the Retiree Health Plan (RHP) – $213.8 million. Members of the Retirement Investment Committee (RPIC) serve as the fiduciaries for the plans.

 

RFP SUMMARY:

Organization Name: Stanford University
Mandate Size: $6,281,900,032 combined
eRFP Type: Investment Consultant, Traditional not OCIO
Account Type: Defined Contribution, Defined Benefit and VEBA Trust
RFP Method: Invite-only RFP, run through InHub’s eRFP Technology

Timeline:
8/3/2016 at 5:00 PM PST, Candidates accept/decline participation
8/22/2016 at 5:00 PM PST, Candidates submit proposals
9/9/2016 at 5:00 PM PST, Finalists Decision expected (Hire Date – TBD)

Additional Information:

Incumbent: Invited to re-bid, but not disclosing name.

Asset Allocation of Plan/Investment Managers: Not disclosed

Upcoming Investment Activity: Not disclosed

 

Additional Account Breakdown: The SCRP has two accounts, the Tax Deferred Account (TDA) and the Contributory Retirement Account (CRA). The SRAP is a noncontributory defined­ benefit plan covering certain collective bargaining, police, and staff employees. The RHP provides medical, mental health and dental benefits to certain retired employees of the University and their spouses and eligible dependents.

InHub, a strategic partner of 401kTV on the eRFP service in less than 2 years has run over $40 billion in Investment Consultant RFPs. InHub is helping all sizes of plans from small to mega plans upgraded their request for proposal process enabling committees to manage the process and data all in one streamlined place, helping them to focus on making better decisions.  Running an RFP through email and word documents can take twice as long and puts organization at risk for a delayed decision or costly mistakes.  Also see: $3.5 billion DC Plans Hires DiMeo Schneider following Consultant RFP on InHub

Fred Barstein

Fred Barstein

Founder & Editor-in-Chief at 401kTV | TRAU | TPSU
Fred Barstein is the Founder & Editor-in-Chief of 401kTV. Fred is also the Founder and CEO of The Retirement Advisor University (TRAU), a collaboration with UCLA Anderson School of Management Executive Education and The Plan Sponsor University (TPSU).Mr. Barstein was also Founder and Editor-in-Chief of NAPA Net.
Fred Barstein
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