Trustee and Custody Services for Pension and Post-Employment Benefit Assets
Overview
Fit Score
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SUMMARY
KEY REQUIREMENTS
BUDGET
EstimateCONTRACT DURATION
TIMELINE
Original Contract Documents were issued on February 27th, 2026.
Addendum No. 1 was issued on March 25th, 2026.
Questions are due by March 20th, 2026, 11:00 a.m. local time.
Proposals are due by March 31st, 2026, 11:00 a.m. local time.
The Authority is seeking to have a new contract in place prior to the expiration of the existing contract in August 2026.
QUESTION DEADLINE
Issuing Agency
Delaware River And Bay Authority
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
A government authority in Delaware is seeking a financial institution to provide trustee and custody services for pension and post-employment benefit assets. This includes delivering all necessary services, materials, and resources to offer custodial support for the agency's Defined Benefit Pension Plan and Retiree Health Benefits Plan in accordance with industry standards.
The selected provider will be responsible for maintaining records and generating monthly detailed and summary activity reports for the agency's Plan Administrator. In addition, the institution must furnish benefit administration services for both the Pension Fund and Trust, ensuring compliance with professional standards typical of similar services. Accurate and up-to-date records of all active, vested, and retired plan members, as well as other relevant data, are required as part of the engagement.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.