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NYS Deferred Compensation Plan·New York

Stable Income Fund Active Short Duration Fixed Income and Active Intermediate Core Fixed Income Manager

Closes 11/18/2026$5M – $50MRequest for ProposalLogin required
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Description

Pursuant to the provisions of 9 NYCRR, Section 9003.2, authorized by Section 5 of the State Finance Law, the New York State Deferred Compensation Board, beginning Wednesday, October 21, 2026, is soliciting proposals from financial organizations to provide fixed income separately managed account investment management services. Each separate account investment contract will be a portion of the New York State Deferred Compensation Plan’s Stable Income Fund, with insurance wrap coverage of the account arranged by the Plan’s stable value structure manager. The Stable Income Fund is offered as an investment option under the Deferred Compensation Plan for Employees of the State of New York and Other Participating Public Jurisdictions, a plan meeting the requirements of Section 457 of the Internal Revenue Code and Section 5 of the State Finance Law, including all rules and regulations issued pursuant thereto. A copy of the request for proposals will be posted on Callan LLC’s website (https://callan.com/rfps/) and on the Board’s website at www.deferredcompboard.ny.gov. The designated contacts for this procurement are Tom Shingler ([email protected]) and Hannah Vieira ([email protected]). The Board is seeking proposals from financial organizations to provide Active Short Duration Fixed Income and Active Intermediate Core Fixed Income investment management services as detailed below. Active Short Duration Fixed Income, benchmarked to the Bloomberg 1-3 Year Government/Credit Index or the Bloomberg 1-3 Year Government Index. Active Intermediate Core Fixed Income, benchmarked to the Bloomberg Intermediate Aggregate Index or the Bloomberg Intermediate Government/Credit Index. Proposals must be received no later than 5:00 PM ET on November 18, 2026. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: None

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Thomas Shingler(Primary Contact)

[email protected]

(908) 522-3888

Key dates

Opened
10/21/2026
Closes
11/18/2026
Duration
10 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523920
Solicitation №
C260004

Budget estimate

$5,000,000 – $50,000,000

The solicitation does not disclose a fee schedule. Management fees for stable‑income, institutional fixed‑income funds typically range from 0.30% to 0.75% of assets under management (AUM) per year. Assuming the Stable Income Fund will hold roughly $2 billion to $5 billion in assets, annual fees could be $6 million to $37.5 million. Over a ten‑year contract, total revenue could therefore fall between $60 million and $375 million, depending on fee structure, asset growth, and performance incentives. Therefore a reasonable ball‑park estimate for the client’s potential earnings is $5 million – $50 million over the contract term, acknowledging that exact figures will depend on the final negotiated fee and fund size.

AI estimate from the solicitation

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