The Alaska Railroad Corporation (ARRC) is issuing a Request for Proposals (RFP) for retirement plan administration and recordkeeping services for its 401k and 457b plans. The RFP aims to evaluate competitive pricing and potentially select a new provider or retain the current one. Proposals are due by 3:00 PM Alaska Time on May 15, 2026, and should be submitted electronically to ***@***. *. * must acknowledge all addenda. Questions and clarifications are due by May 1, 2026. The contract period is initially from January 1, 2027, to December 31, 2029, with options for renewal. Proposing firms must meet minimum qualifications, including at least five years of experience administering governmental retirement plans and a minimum asset size for plans they currently administer. Required documents include a cover letter, questionnaire, and an electronic exhibit folder. ARRC encourages the participation of Disadvantaged Business Enterprises (DBEs).
The bid submittal deadline is May 15, 2026, at 3:00 PM Alaska Time. The bid notice states, Proposals will be received until 3:00 p. m. alaska time, on may 15, 2026.
The bid notice states, contractor shall honor all guarantees and warranties offered by the manufacturer of the equipment, goods, materials or other supplies provided under this contract.
The bid notice states, The arrc may award a contract resulting from this solicitation to the responsible offeror whose offer conforming to this solicitation will be most advantageous to the arrc.
The bid notice states, The proposing firm must have a minimum of five 5 years of experience administering governmental section 401k defined contribution and 457 deferred compensation plans and must currently provide sole provider administration to a minimum of 5 five section 401k defined contribution retirement plans and 5 five section 457 deferred compensation plans with an asset size of at least 125 million in each.
The bid notice states, Exceptions received or placed after the proposals submission date will be considered as counter offers and as such will render the entire proposal nonresponsive.
The bid notice states, it would be expected that a record keeper representative visit the arrc locations as part of their initial and ongoing participant education efforts.
The bid notice states, There are numerous questions in the rfp questionnaire that require a description andor samples to be provided in a separate proposing firm exhibit folder.
The bid notice states, A protest based on alleged improprieties or ambiguities in a solicitation must be filed at least 10 days before the due date of the bid or proposal, unless a later protest due date is specifically allowed in the solicitation.
