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Missouri Department of Transportation & Missouri State Highway Patrol Employees’ Retirement System

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MPERS’ Bidding History

MPERS maintains a number of consultant/vendor relationships that are essential to carrying out the responsibilities of the System. Some of those key relationships are listed below along with the previous two times a bid process for those services was completed. Many of these relationships require a review every few years while others are reviewed sporadically due to the transition associated with the service. All relationships require monitoring and oversight to be sure our fiduciary duties to the System are being carried out responsibly.

Please select the service below to learn more.

Actuary
Current Consultant/Provider
GRS
Last Bid
2015
2nd to Last Bid
2010
Comments
Typically bid at least every five years. One year extension was applied to current contract to separate timing from audit bid process.
Compensation Consultant
Current Consultant/Provider
CBIZ
Last Bid
2018
2nd to Last Bid
2014
Comments
Historically bid every three years and now every five years in concert with Board approved compensation reviews.
Custodian
Current Consultant/Provider
Northern Trust
Last Bid
2016
2nd to Last Bid
2003
Comments
This commodity type service is subject to bid at any time. As long as costs are competitive and service reasonable, a bid or change is not optimal given the massive transition efforts associated with a change.
Audit
Current Consultant/Provider
Williams-Keepers
Last Bid
2020
2nd to Last Bid
2015
Comments
Typically bid every five years.
Disability
Current Consultant/Provider
The Standard
Last Bid
2003
2nd to Last Bid
NA
Comments
First and only time this contract was bid occurred when the Board moved from the historical self-insured program to the insured platform. Another relationship that is not normally bid unless cost and/or service issues are apparent. MPERS’ risk consultant reviews this contract annually (June) to assess cost and the benefit design. Important to know the contribution rate for this benefit has been lowered over the course of experience.
Investment Consultant
Current Consultant/Provider
NEPC
Last Bid
2011
2nd to Last Bid
2004
Comments
NEPC was awarded the contract subsequent to the last bid process away from Missouri-based Summit Strategies. This relationship is often longstanding given the importance of long-term perspective for investment policy.
Internet Service Provider
Current Consultant/Provider
CenturyLink
Last Bid
2019
2nd to Last Bid
2014
Comments
Bids are solicited to make sure costs are competitive and services are good.
IT Advisory
Current Consultant/Provider
Midwest Computech
Last Bid
2019
2nd to Last Bid
2013
Comments
Current advisor is Midwest Computech. Past advisor was Huber and Associates. This is an important relationship given the lack of dedicated IT staff on MPERS’ payroll. Relationship is formally reviewed as deemed necessary.
Operational Bank
Current Consultant/Provider
Central Bank
Last Bid
2008
2nd to Last Bid
1995
Comments
This commodity type service is subject to bid at any time. As long as costs are competitive and service reasonable, a bid or change is not optimal given the massive transition efforts associated with a change. Historically, there have not been other local banks capable of handling this relationship.
Outside Counsel
Current Consultant/Provider
Thompson Coburn
Last Bid
2014
2nd to Last Bid
2008
Comments
General counsel cannot be an expert on every legal topic. Subsequently, outside counsel is used for a variety of circumstances. Litigation or potential litigation is an example.
Risk/Insurance
Current Consultant/Provider
Charlesworth Consulting
Last Bid
2003
2nd to Last Bid
NA
Comments
This service is not bid often due to the niche type service provided and the competitiveness of the cost associated with it.
Telephone
Current Consultant/Provider
CenturyLink
Last Bid
2019
2nd to Last Bid
2014
Comments
Bids are solicited to make sure costs are competitive and services are good.