How to bid on 457(B) Deferred Compensation Plan Record Keeper for State of Wyoming

What the agency is buying

The State of Wyoming's A&I Procurement Office is seeking proposals for a company to provide record keeping services for its 457(b) deferred compensation plan. This is an opportunity for firms specializing in financial plan administration to secure a contract with a state government agency.

Key dates and deadlines

Proposals must be submitted by August 11, 2026, at 2:00:00 PM Mountain Time. It is crucial that your submission is completely uploaded by this deadline, as the Public Purchase system will lock, and incomplete responses will be deemed non-responsive.

Written questions about this procurement can be submitted until July 24, 2026, at 2:00:00 PM Mountain Time. Questions received after this time may not be accepted or considered. All questions must be submitted individually through the Public Purchase online bidding system.

Who this opportunity suits

This opportunity is suitable for professional services firms with expertise in managing and providing record keeping services for deferred compensation plans, specifically 457(b) plans. Vendors should have the capacity to handle the requirements of a state-level retirement system.

How to respond

All proposals must be submitted through the Public Purchase online bidding system. Your technical proposal and cost proposal should be uploaded as separate documents and clearly identified. Documents should be in PDF, Excel, or Microsoft Office format.

To access the full posting and submit your response, you will need to register and sign in to Public Purchase. Vendor registration for Public Purchase is free. You should monitor Public Purchase for any updates, addenda, or answers to questions related to this solicitation, as the Wyoming Procurement Office will not provide this information via email, phone, fax, or mail.

Tips for preparing a competitive response

Carefully review all solicitation documents to ensure your proposal addresses every requirement. Pay close attention to the instructions for separating and labeling your technical and cost proposals.

Submit any questions you have well before the July 24, 2026 deadline to allow time for agency responses and for you to incorporate any clarifications into your proposal. Remember to submit each question individually.

Given the strict submission deadline, plan to upload your proposal documents with ample time to spare before August 11, 2026, at 2:00:00 PM Mountain Time. This will help avoid any issues with the Public Purchase system locking before your submission is complete.