Consultant Services for CollegeCounts 529 Fund

State Treasurer of Alabama

The buyer seeks a qualified consultant to provide services for the CollegeCounts 529 Fund and Alabama ABLE Savings Plan. The consultant will advise on program design, management, marketing initiatives, investment structure, and regulatory updates. Services include analyzing industry trends, reviewing investment performance, recommending improvements, and providing educational training to the Board.

• 2/14/2025 - Release Date
• 2/21/2025 - Questions Due
• 3/14/2025 - Proposal Due Date

• Company in business for at least 8 years conducting similar services
• Consultant has at least 5 years experience consulting with 529 plans
• Comply with state regulations to conduct business in Alabama
• Have all required authorizations, permits, licenses, and certifications
• Have policy of equal employment opportunity and non-discrimination
• Comply with Beason-Hammon Alabama Taxpayer and Citizen Protection Act

• Provide annual analysis of Morningstar ratings for 529 plans
• Conduct annual review of 529 industry and peer comparisons
• Analyze program management fees and make recommendations
• Monitor 529 industry trends and notify of changes
• Review and update Investment Policy Statement
• Monitor investment managers and performance
• Recommend Manager Watch List Criteria
• Review investment funds recommended by program manager
• Facilitate educational training for the Board on 529 market
• Provide quarterly market and investment performance reporting