New Mexico Education Trust Board - RFP for Program Manager Services (May 6, 2014)
Request for Proposal Number: 15-949-9010-0002 (PDF)
Responses to Written Questions about the RFP for 529 Program Management Services (June 6, 2014)
Notice: The deadline for the submission of proposals has been changed to 3:00 pm MDT on July 2, 2014. Proposals received after the due date and time will not be accepted.
The State of New Mexico Education Trust Board (“Board” or “Agency”) requests proposals from investment management or other financial services firms with specific 529 experience or similar investment businesses interested in acting as a Program Manager for two qualified tuition plans (the “Plans”) established and maintained by the Board pursuant to Section 529 of the Internal Revenue Code of 1986, as amended. The Plans today include The Education Plan (“TEP”) and Scholar’s Edge (“SE").
The Board seeks a Program Manager that will partner with it to continue offering the New Mexico Program. The Board envisions selecting a Program Manager with the ability to offer a wide variety of investment options to new and existing plan participants capable of matching returns consistent with each participant’s risk tolerance and objectives. The Board’s overall goal is to offer a Program that is uniformly recognized as one of the best in the country based upon the quality of the underlying funds and the breadth of investment options offered.
The Contract shall be for an initial term of five (5) years that is expected to commence on July 1, 2015 and run through June 30, 2020. The Board will have the option to renew the Contract for two terms of two (2) additional subsequent fiscal years, subject to the approval of the New Mexico Department of Finance and Administration.
GENERAL INFORMATION: All questions about the contents of the RFP document shall be directed to:
Kevin Deiters, Procurement Manager
Education Trust Board
2048 Galisteo St, Santa Fe NM 87505
Email to: firstname.lastname@example.org
ISSUANCE: The Request for Proposals will be issued on May 6, 2014.
PRE-PROPOSAL CONFERENCE: A pre-proposal conference will not be held
PROPOSAL DUE DATE AND TIME: Proposals must be received by the Procurement Manager no later than July 2, 2014 3:00 PM.
Proposals received after the due date and time will not be accepted.