States' Unclaimed Retirement Clearing House - SURCH

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Title:  

States' Unclaimed Retirement Clearing House - SURCH

Agency:  

Missouri State Treasurer’s Office

State:  

Missouri

NAICS Code:  

522320

Industry:  

Financial Services

Solicitation Type:  

Sole Source

Solicitation ID:  

STATE 0000000003SL

Open Date:  

7/1/2025

Close Date:  

7/8/2025

Project Duration:  

3 years

Last Updated:  

7/8/2025

Description:
The Missouri State Treasurer’s Office is seeking a single feasible source contract with the National Association of State Treasurers, Inc. (NAST) for the State’s Unclaimed Retirement Clearing House (SURCH) program. This program facilitates the collection of unclaimed property held by private sector retirement plans. The contract period is for three years with one 3-year renewal option. The program is a multi-state cooperative created to facilitate the reporting of unclaimed distribution checks issued to participants and beneficiaries of private sector defined contribution retirement plans. Key aspects of the program include: • Uniform reporting protocols negotiated with the Department of Labor (DOL) • Internet-based reporting mechanism for retirement plans to report unclaimed retirement plan distributions • Economies of scale realized through a single, centralized entity • Proprietary requirement that meets the criteria as a single feasible source under RSMo 34.044
Attached Files:

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

Contact Information:

Kristina Cramer(Buyer)

Kristina.Cramer@oa.mo.gov

(573) 751-1695

Budget Estimate (AI):

$1,500,000 – $6,000,000

The budget for this contract is likely to be in the range of $500,000 to $2 million per year, considering the scope of the SURCH program and the fact that it is a multi-state cooperative. The program's success is dependent on the economies of scale realized through a single, centralized entity, which suggests a significant budget. However, the exact budget amount is not specified in the document, and the estimate is based on the assumption that the contract will cover the costs of operating the program, including personnel, technology, and administrative expenses. Factors that may influence the likely payment range include the number of states participating in the program, the volume of unclaimed retirement plan funds being processed, and the level of service required to maintain the program.

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