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Michigan Department of Treasury·Michigan

Treasury - MET - Actuarial Services RFP

Closes 5/20/2026$600k – $1.8MRequest for Proposal
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Description

The State of Michigan Department of Treasury is seeking a contractor to provide actuarial services for the Michigan Education Trust (MET) program. The contractor will be responsible for performing actuarial analyses, providing reports, and meeting with MET staff as needed. The contract is expected to begin on January 1, 2027, and will last for 3 years and 2 months. The contractor must have experience working with similar programs and must be able to provide high-quality actuarial services. Some key points to consider: * The contractor must be able to provide actuarial analyses and reports as required by the MET program. * The contractor must be able to meet with MET staff as needed to discuss program issues and provide guidance. * The contractor must be able to provide high-quality actuarial services and meet the requirements of the MET program. * The contractor must be able to comply with all applicable laws and regulations, including those related to data security and confidentiality. * The contractor must be able to provide a pricing schedule for the proposed contract activities. * The contractor must be able to provide samples of required reports as attachments to the proposal. * The contractor must be able to acknowledge their agreement with the service-level agreements and provide details for how they will meet the requirements.

Attached files

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

Contact

Adam Zanetti(Solicitation Manager)

[email protected]

(517) 667-1465

Key dates

Opened
4/20/2026
Questions due
4/23/2026
Closes
5/20/2026
Duration
3 years and 2 months

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
541910
Solicitation №
RFP-271-260000001688-1

Budget estimate

$600,000 – $1,750,000

Based on the information provided, it's difficult to estimate the exact budget for this opportunity. However, considering the scope of work and the fact that it's a 3-year and 2-month contract, the budget could be substantial. The State of Michigan may have a budget allocated for this project, and the contractor's pricing will be evaluated based on the value they can provide. Assuming the contractor will provide a team of experienced actuaries and support staff, the annual cost could range from $200,000 to $500,000, depending on the complexity of the services and the number of staff required. Over the 3-year and 2-month contract period, the total budget could be in the range of $600,000 to $1,750,000.

AI estimate from the solicitation

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