Medford Contributory Retirement System is accepting proposals for custody services for the investments of the $244 million defined benefit plan. All firms submitting proposals for this mandate, at a minimum, must:

  • Candidates must have familiarity with and agree to comply (in writing) with Massachusetts G.L. Chapter 32 and Chapter 176 of the Acts of 2011. Additionally, candidates must have familiarity and agree to comply with the reporting and investment guidelines administered by PERAC. Guidelines can be found in the links provided below.

  • Candidates must have experience working with public pension plans.
  • Candidates must have at least $125 billion in assets under custody/administration as of December 31, 2023.

NEPC is running the search through an RFP portal (InHub). If your firm is interested in participating, please email Kristina Tomasik ([email protected]) to request an invite to the InHub RFP.

All questions should be directed through the InHub RFP. Proposals must be submitted through the portal by 5:00 pm EDT, on March 15, 2024. Proposals received after the deadline will not be considered.

The following must be included in your proposal:

  • A cover letter indicating your firm’s interest
  • Completion of NEPC’s annual trust/custody RFI
  • Completion of Attachment A_Custody Pricing Worksheet
  • Completion of the PERAC disclosure and verification forms (IV) 

Search Notice