Washington Saves Program Administration and Investment Management

The State of Washington, through its Washington Saves Governing Board, is seeking qualified bidders to provide comprehensive program administration and/or investment‑management services for the Washington Saves automatic‑enrollment IRA program. The work includes enrollment and employer outreach, record‑keeping, payroll contribution processing, participant‑account management (Roth and Traditional IRAs), data‑governance, cybersecurity, audit support, customer‑service operations, marketing and communications, and the design, monitoring, and reporting of investment options. Bidders may submit a proposal for program‑administration services only (Category 1), investment‑management services only (Category 2), or an integrated solution covering both (Category 3). The contract is a 7‑year base period with up to three one‑year extensions and will launch on July 1 2027. • Provide end‑to‑end administration of a state‑wide retirement‑savings program, including portals for employers and participants. • Design and manage a suite of investment options (target‑date, capital‑preservation, growth/equity, income/fixed‑income) with fiduciary oversight. • Deliver robust reporting, audit cooperation, data security (U.S.‑only storage), accessibility compliance (WCAG 2.2 AA), and multilingual customer support.