Missouri 529 College Savings Program Management Services

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Title:  

Missouri 529 College Savings Program Management Services

Agency:  

State of Missouri, Office of Administration, Division of Purchasing

State:  

Missouri

NAICS Code:  

523910

Industry:  

Financial Services

Solicitation Type:  

Request for Proposal

Solicitation ID:  

STATE 0000000279SL,2

Open Date:  

1/28/2026

Close Date:  

3/19/2026

Project Duration:  

72 months

Last Updated:  

Description:
The State of Missouri, Office of Administration, Division of Purchasing is seeking a vendor to provide program management services for the Missouri 529 College Savings Program. The selected vendor will be responsible for providing investment management, recordkeeping, customer service, marketing, and outreach services for the program. The vendor must have at least five years of experience managing 529 programs or similarly structured and sized investment programs, and must meet other minimum experience requirements. The vendor must also provide a comprehensive set of performance standards and must be able to accommodate testing of specific scenarios or vulnerabilities at the state agency's request. The contract period will be from the effective date of the contract through June 30, 2032. Some key points to consider: • The vendor must have experience managing 529 programs or similarly structured and sized investment programs. • The vendor must provide investment options that will appeal to a wide range of investors. • The vendor must have a disaster recovery plan that ensures business continuity. • The vendor must provide customer service with customer service representatives available by toll-free phone, live chat, and email. • The vendor must have a rigorous cybersecurity plan and notify the state agency of any security breach with a plan to resolve such breach within 24 hours.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Mertrell Nickens(Buyer)

Mertrell.Nickens@oa.mo.gov

(573) 751-7656

Budget Estimate (AI):

$5,000,000 – $20,000,000

The estimated budget for this opportunity is difficult to determine, as the RFP does not provide a specific budget or pricing information. However, based on the scope of work and the requirements for the vendor, it is likely that the contract value will be in the millions of dollars. The state agency is seeking a vendor to provide comprehensive program management services, including investment management, recordkeeping, and customer service, which suggests a significant contract value. Additionally, the RFP requires the vendor to have at least $10 billion in assets under advisement in 529 programs or similarly structured products, which suggests a large-scale operation. Therefore, a rough estimate for the contract value could be between $5 million and $20 million per year, depending on the scope of work and the vendor's pricing.

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