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Request for Proposal: Program Manager of the Maryland Prepaid College Trust

Solicitation Number: MD529MPCT2020

RFP Issue Date: July 1, 2020

RFP Issuing Office: Maryland 529 (MD529 or the "Agency")

Procurement Officer: Erin Layton, Maryland 529

e-mail: elayton@maryland529.org

Office Phone: (443) 769-1031

Proposals are to be sent to:

Maryland 529

217 E. Redwood Street, Suite 1350, Baltimore, MD 21202

Attention: Erin Layton

Pre-Proposal Conference:

July 16, 2020, 10:00 A.M. Local Time

This is a virtual meeting. Please contact Erin Layton at 443.769.1031 or email elayton@maryland529.org for registration information.

See Attachment A (in RFP) for the pre-proposal response form.

Questions Due Date and Time: August 14, 2020 at 2:00 P.M. Local Time

Proposal Due (Closing) Date and Time: August 31, 2020 at 2:00 P.M. Local Time

Offerors are reminded that a completed Feedback Form is requested if a no-bid decision is made (see page ii).

Click here to download the RFP.

Click here to download the Financial Proposal.

For more information about the Maryland procurement process, please click here.

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Disclosure Statement

Please read the entire Enrollment Kit carefully before deciding to enroll. The Maryland College Investment Plan Disclosure Statement provides investment objectives, risks, expenses and costs, Fees, and other information you should consider carefully before investing. If you or your beneficiary live outside of Maryland, you should compare Maryland 529 to any college savings program offered by your home state or your beneficiary’s home state, which may offer state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan.

*Morningstar analysts reviewed 62 plans for its 2019 ratings (10/22/19), of which 13 plans received a “Silver” rating. To determine a plan’s rating, Morningstar’s analysts considered 5 factors: the plan’s strategy and investment process; the plan’s risk-adjusted performance; an assessment of the individuals managing the plan’s investment options; the stewardship practices of the plan’s administration and parent firm; and whether the plan’s investment options are a good value proposition compared with its peers. Plans were then assigned forward-looking ratings of “Gold,” “Silver,” “Bronze,” “Neutral,” and “Negative.” Each year, certain of the industry’s smallest plans are not rated.

Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar analysts’ current expectations about future events and, therefore, involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees.

Please read the entire Enrollment Kit carefully before deciding to enroll. The Maryland College Investment Plan Disclosure Statement provides investment objectives, risks, expenses and costs, Fees, and other information you should consider carefully before investing. If you or your beneficiary live outside of Maryland, you should compare Maryland 529 to any college savings program offered by your home state or your beneficiary’s home state, which may offer state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s 529 plan.

*Morningstar analysts reviewed 62 plans for its 2018 ratings (10/30/18), of which 10 plans received a “Silver” rating. To determine a plan’s rating, Morningstar’s analysts considered 5 factors: the plan’s strategy and investment process; the plan’s risk-adjusted performance; an assessment of the individuals managing the plan’s investment options; the stewardship practices of the plan’s administration and parent firm; and whether the plan’s investment options are a good value proposition compared with its peers. Plans were then assigned forward-looking ratings of “Gold,” “Silver,” “Bronze,” “Neutral,” and “Negative.” Each year, certain of the industry’s smallest plans are not rated.

Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar analysts’ current expectations about future events and, therefore, involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees.

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