Custodian Services for the City of Omaha Employees Retirement Systems (COERS) and Police & Fire Retirement System (COPFRS)

The City of Omaha is seeking a qualified vendor to provide custodial services for the City of Omaha Employees Retirement Systems (COERS) and Police & Fire Retirement System (COPFRS). The selected vendor will be responsible for safeguarding plan assets, processing transactions, maintaining records, and providing comprehensive reporting. The scope of work includes asset custody and safekeeping, trade settlement and processing, recordkeeping and reporting, compliance and risk management, cash management, and client service and support. The initial contract term will be 5 years with the option to renew for five 1-year extensions. • The vendor must have experience in providing custodial services to public and/or pension plan clients. • The vendor must have a detailed understanding of the scope of the project and the project requirements. • The vendor must provide a detailed project work plan and deliverables. • The vendor must have a strong reputation for providing high-quality services and meeting client needs. • The vendor must be financially stable and have adequate insurance coverage. • The vendor must comply with all applicable laws and regulations, including ERISA, IRS, and GASB.