Pension Fund Investment Advisory and Trustee Services

Overview

Financial, Legal, HR & Staffing

Rochester, New York, United StatesPosted 20 days agoDeadline: May 2nd, 2026

Fit Score

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SUMMARY

Seeking an experienced firm to deliver advisory and trustee services for pension fund investment management and reporting for a New York government authority.

KEY REQUIREMENTS

Must have a minimum of five years of previous experience in providing pension fund investment management and trustee/custodial services
Must be qualified as an Investment Manager under ERISA section 3(38)
Must be registered as an investment adviser under the Investment Advisers Act of 1940, a bank, or a qualified insurance company
Must be able to attend quarterly Pension Committee meetings
Must provide audited financial statements for the most recent three years
Must be able to provide monthly participant statements
Must be able to perform actuarial coordination consistent with GASB standards

BUDGET

Estimate

$150,000 – $500,000

Issuing Agency

Rochester Genesee Regional Transportation Authority

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority located in New York is seeking a vendor to provide pension fund investment advisory and trustee services. The selected firm will deliver professional investment management, guidance, and advice to ensure the agency's fiduciary responsibilities are fulfilled, emphasizing prudent investment in diversified asset classes for the benefit of current and future plan participants.

Responsibilities include assisting with the review and revision of investment policy statements, utilizing fiduciary processes to screen and select appropriate investments, and implementing investments as selected. The vendor will monitor and regularly report investment performance, benchmarked by asset class and peer ranking, and present these results at quarterly plan meetings. Monthly participant statements must be provided, with the agency designating the delivery format, and payments will be made on the first day of each month.

Additional duties encompass reviewing and monitoring third-party fees, ensuring investment funds are suitable for long-term retirement investing and are in the best interests of participants. All questions regarding the RFP must be submitted by April 18, 2026.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.