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State Contract Reporting System

Florida Department of Financial Services: F.A.C.T.S

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Contract Information

 

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES

Agency Contract ID: TR150

Long Title: Investment Provider for the Deferred Comp Program

Vendor Name: T ROWE PRICE ASSOCIATES

Total Contract Amount: $0.00

Total Budgetary Amount: $0.00

Total Payment To Date: $17.26

Date of Execution: 12/21/2011

General Description: Investment vendor in the deferred comp program

Main Information

Agency Contract ID: TR150

FLAIR Contract ID: D0085

Short Title: Investment

Long Title: Investment Provider for the Deferred Comp Program

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 12/21/2011

Date of Beginning: 01/01/2012

Original End Date: 12/31/2016

New Ending Date: 12/31/2019

Agency Service Area: TR

Statutory Authority: FS 112.215

Contract Involves State or Federal Financial Assistance: No

Recipient Type:

Provide for Administrative Cost: No

Provide for Periodic Increase: No

Procurement Information

Authorized Advanced Payment: No

Method of Procurement: Agency Invitation to Negotiate [s. 287.057(1)(c), F.S.]

State Term Contract ID:

Contract’s Exemption Justification:

Agency Reference Number: DFS TR ITN 11/12-02

Business Case Study Done: No

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: No

Was the Contracted Function Considered for Insourcing back to the State: No

Did the Vendor Make Capital Improvements on State Property: No

Budget Information

Original Contract Amount: $0.00

Total Contract Amount: $0.00

Total Recurring Budgetary Amount: $0.00

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $0.00

Total Unfunded Amount: $0.00

As of Date: 3/7/2012

No Recurring Budgetary records found for this contract.

Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$0.00

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Renewal $0.00 R2 Second Renewal 01/01/2018 12/04/2017 12/31/2019
Renewal $0.00 R1 One-year renewal of contract and amendments to contract. 01/01/2017 12/16/2016 12/31/2017
Amendment $0.00 A1 One-year renewal of contract and amendments to contract. 01/01/2017 12/16/2016 12/31/2017

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
T ROWE PRICE ASSOCIATES TALLAHASSEE FL 323080000 Non-Minority

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.
More Deliverable Number      Commodity/Service Type Major Deliverable Method of Payment
     
 1 Investment advice The vendor shall on a daily basis: date stamp all incoming forms; review each form for accuracy and... No Cost
     
 10 Investment advice Offer a full array of investment products for the DC programs participants No Cost
     
 11 Investment advice Monthly Valuation File (MOVAL) - Record Keeper shall receive from Investment Providers and maintain ... No Cost
     
 12 Investment advice Monthly each Investment Provider will communicate with their Participants that have terminated their... No Cost
     
 13 Investment advice Loan File Exchange - Record Keeper provides access to their FTP server to both the Investment Provid... No Cost
     
 14 Investment advice It is encouraged that each Proposer employ a sufficient number of field (industry standard) and/or p... No Cost
     
 15 Investment advice Investment providers must enroll 1,200 new participants to the Plan per year. No Cost
     
 16 Investment advice Investment Provider shall furnish the State a performance bond in the amount of $500,000.00 written ... No Cost
     
 17 Investment advice Investment Provider shall furnish annually to the State no later than March of each year, a certific... No Cost
     
 18 Investment advice Investment Provider shall at all times maintain a fidelity bond in the amount of 10% of the Plan ass... No Cost
     
 19 Investment advice Formal, in-person portfolio, operation and administrative reviews will be conducted on a semi-annual... No Cost
     
 2 Investment advice The Investment Provider's educational role will include, but not be limited to: distributing educati... No Cost
     
 20 Investment advice Final Investment Provider payroll file - After all actual deferral files for the pay cycle have been... No Cost
     
 21 Investment advice EPAF Exception Report - Record Keeper submits an EPAF Exception report to the Investment Providers w... No Cost
     
 22 Investment advice EPAF Confirmation Report - The Record Keeper submits an EPAF Confirmation report on a daily basis, b... No Cost
     
 23 Investment advice Electronic Participant Action Form (EPAF) - Each of the Investment Providers furnishes the Record Ke... No Cost
     
 24 Investment advice Each Specialist shall have received from the Administrator an identification badge accompanied by an... No Cost
     
 25 Investment advice Each Specialist must hold and present upon request to the Administrator a copy of the Specialist's F... No Cost
     
 26 Investment advice Each Investment Provider will provide a website solely for the Deferred Compensation Program and wil... No Cost
     
 27 Investment advice Each Investment Provider shall communicate with its participants quarterly that have stopped deferri... No Cost
     
 28 Investment advice Benefit Payment File - (BENPAY) - Investment Providers provides a Benefit Payment file (BENPAY) to R... No Cost
     
 29 Investment advice All Investment Providers must clear their payroll discrepancy reports by the end of the next month. ... No Cost
     
 3 Investment advice Statements shall be mailed to the Participant by the 10th business day of the following quarter. No Cost
     
 30 Investment advice All client representatives that have contact with the States Deferred Compensation participants must... No Cost
     
 31 Investment advice Account Summary File - The Investment Providers furnishes the Record Keeper an electronic Account Su... No Cost
 Displaying 1 to 25 of 33     1 2 Next  Last


Payments are also referred to as expenditures (creating or incurring a legal obligation to disburse money) or disbursements (the payment of expenditures). Payments include disbursements and accounting adjustments made on a contract. Payments are always positive amounts while accounting adjustments may be positive or negative depending on the type of adjustment.

Payment Details

"Date" in the listing below indicates the date the payment voucher was recorded in the system, not the date the payment was issued.
More Fiscal Year Total Amount
     
 2018-2019 $17.30
     
 2017-2018 ($0.04)

If a payment or adjustment to a contract was made before July 1, 2012, the information may not be posted in this system.

Contract Documents


Click on the pdf icon or Agency Document Link to view the document
Document Type Document Reference # Executed Date Document Add Date Agency Document Link View
Original Contract Original Contract - D0085 12/21/2011 2/25/2013 10:31:20 AM
Amendment A1 12/16/2016 12/19/2016 4:08:34 PM
Renewal R1 12/16/2016 12/19/2016 4:04:53 PM
Renewal R2 12/04/2017 12/27/2017 12:57:37 PM


Audit results posted prior to June 30, 2012, appear in a summarized form. As of July 1, 2012, the audit reporting process was expanded to include additional questions and comments from the Bureau of Auditing. As audits are captured in electronic format, they will be posted to this system. If you are interested in seeing audit reports by Fiscal Year and Agency Action Plans, please click here to navigate to the Transparency Florida Contract Audit page.

  • No audits have been conducted on this contract at this time.
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