A. The Contractor’s services will include, but are not limited to: 1. Assisting the CSAC with: a. The account transition from the current fund/custodian; b. Reviewing and suggesting changes to the terms of the IPS and selecting the investment portfolio or portfolios (Portfolios) to be used to implement the IPS; c. Developing and/or selecting performance standards to measure short, intermediate, and long-term returns with respect to each of the selected Portfolios; d. Assuming a co-fiduciary role and being able to provide custodial capabilities; e. Performing on-demand analysis of current Plan holdings in regard to asset class holdings, asset allocation, and specific holdings. 2. Determining, reviewing and changing the allocation and diversification of assets in each of the Portfolios and executing asset allocation software models using variables suitable to the Portfolios in order to maintain the relative percentages of asset classes within each of the Portfolios in accordance with the IPS, subject to an agreed upon variance of two percent (2%) plus or minus, per asset class. 3. Purchasing securities consistent with the IPS’ investment objective and asset allocation needs of the Portfolios. The Contractor shall not purchase their company’s own securities. The Contractor shall be able to offer professional management options for at least eight (8) asset classes; i.e. U.S. stocks, U.S. bonds, international, real estate, cash, etc. 4. Reviewing and reporting to the CSAC Portfolio investment results on a quarterly basis, with accompanying graphics. The Contractor shall assist the CSAC in understanding the substance of the reports. The CSAC reserves the right to request more frequent reporting and review from the Contractor, at no additional cost. (Contractor must be able to report Plan performance, daily market valuations, and holdings on-demand within one (1) business day to the CSAC and be measured on an actual and composite performance basis.) 5. At the request of the CSAC, conduct meetings twice per year at CSAC’s offices, to discuss the Plan’s performance. Travel may be required on short notice or ondemand to various locations throughout the State (Sacramento, Los Angeles, and Oakland). (Note: There is no allowance for travel expense reimbursement in this contract.)
