UNMH Response to Question 2: The UNMH 401(a) plan assets were approximately Two Million Seven Hundred Thousand ($2.7) as of Quarter as of Quarter 1 - 2016. The SRMC’s response will be forthcoming in a separate addendum. Question 3 How are your federal and state retirement compliance questions and guidance currently provided by your current retirement consultant? UNMH Response to Question 3: The current retirement consultant provides federal and state retirement compliance questions and guidance approximately two (2) times a year and they are updated as needed throughout the year. Question 4 Your scope included request for templates and plan document creations (page 10 section 4.2.3.), please elaborate on these requested services and what your current consultant provides today. UNMH Response to Question 4: Per Section 4.2.3, the expectations are that any plan design changes to the Retirement Plans would include preparation of plan Amendments and Board Resolutions. Question 5 Regarding resident business is it sufficient to complete Exhibit B, or should we also include documentation? UNMH Response to Question 5: Pursuant to Section 6.10. To receive a resident business preference pursuant to Section 13-1-21 NMSA 1978 or a resident contractor preference pursuant to 13-4-2 NMSA 1978, a business or contractor is required to submit with its bid or proposal a copy of a valid resident contractor certificate issued by the New Mexico Taxation and Revenue Department. Regarding compensation, in addition to the format included, is it acceptable and Question 6 of interest to provide alternative arrangements for your consideration? UNMH Response to Question 6: Yes, it is acceptable. Question 7 With regard to compensation, is a firm allowed to accept any form of commissions? If so, how will any commissions be factored into the evaluation of a firm’s proposed compensation? UNMH Response to Question 7 No, a firm is not allowed to accept any form of commissions. Question 8 What is the composition of the evaluation team? UNMH Response to Question 8: The evaluation team consists of UNMH and SRMC Staff, with knowledge and expertise relevant to the project. Question 9 Can you provide an indication as to the time line and process for the selection of the consultant, especially with respect to potential finalist interviews?
UNMH Response to Question 2: The UNMH 401(a) plan assets were approximately Two Million Seven Hundred Thousand ($2.7) as of Quarter as of Quarter 1 - 2016. The SRMC’s response will be forthcoming in a separate addendum. Question 3 How are your federal and state retirement compliance questions and guidance currently provided by your current retirement consultant? UNMH Response to Question 3: The current retirement consultant provides federal and state retirement compliance questions and guidance approximately two (2) times a year and they are updated as needed throughout the year. Question 4 Your scope included request for templates and plan document creations (page 10 section 4.2.3.), please elaborate on these requested services and what your current consultant provides today. UNMH Response to Question 4: Per Section 4.2.3, the expectations are that any plan design changes to the Retirement Plans would include preparation of plan Amendments and Board Resolutions. Question 5 Regarding resident business is it sufficient to complete Exhibit B, or should we also include documentation? UNMH Response to Question 5: Pursuant to Section 6.10. To receive a resident business preference pursuant to Section 13-1-21 NMSA 1978 or a resident contractor preference pursuant to 13-4-2 NMSA 1978, a business or contractor is required to submit with its bid or proposal a copy of a valid resident contractor certificate issued by the New Mexico Taxation and Revenue Department. Question 6 Regarding compensation, in addition to the format included, is it acceptable and of interest to provide alternative arrangements for your consideration? UNMH Response to Question 6: Yes, it is acceptable. Question 7 With regard to compensation, is a firm allowed to accept any form of commissions? If so, how will any commissions be factored into the evaluation of a firm’s proposed compensation? UNMH Response to Question 7 No, a firm is not allowed to accept any form of commissions. Question 8 What is the composition of the evaluation team? UNMH Response to Question 8: The evaluation team consists of UNMH and SRMC Staff, with knowledge and expertise relevant to the project. Question 9 Can you provide an indication as to the time line and process for the selection of the consultant, especially with respect to potential finalist interviews?
p351-16-addendum-2.docx