The City of South Padre Island is issuing RFP No. CMO-IA-07 to hire a qualified firm to act as fiduciary and provide investment, administration, compliance and education services for its 457(b) Deferred Compensation Retirement Plan. Proposals must be submitted sealed by 2:00 p.m. CST on October 27, 2025. The city will review proposals in November, hold finalist presentations on November 6, 2025, and aim to award the contract later that month. Questions are due by October 14, 2025 at 10:00 a.m. CST, and all communications must go through the City Secretary’s office or the designated contact, Wendi Delgado.
| RFP number | CMO-IA-07 |
| Proposal deadline | October 27, 2025, 2:00 p.m. CST |
| Question deadline | October 14, 2025, 10:00 a.m. CST |
| RFP release date | October 3, 2025 |
| Finalist interview date | November 6, 2025 |
| Expected award date | November 2025 |
| Service scope | Investment/Financial Advisor and Consulting Services for the City’s 457(b) Deferred Compensation Plan |
| Disclosure requirement | Disclosure of interested parties required if contract value is $1 million or more |