Accenture’s Federal Arm to Help Modernize Gov’t Retirement Savings Platform

Accenture’s Federal Arm to Help Modernize Gov’t Retirement Savings Platform
Accenture Federal Services

Accenture’s (NYSE: ACN) federal services business has received a contract from the Federal Retirement Thrift Investment Board to help update information technology infrastructure for the government’s retirement services program, Federal News Network reported Monday.

AFS will serve as a prime contractor for FRTIB’s recordkeeping services acquisition contract which covers IT modernization support, cybersecurity services and call-center assistance for the FRTIB-administered Thrift Savings Plan.

The RKSA contract, which has an 18-month transition period plus four three-year extension options, is meant to support TSP’s transition from its aging recordkeeping systems to web-based platforms.

AFS will work to implement mutual-fund tools, electronic signature technologies and mobile app services for TSP participants as part of the contract, according to Federal News Network.

Tee Ramos, director of participant services at FRTIB, previously told the board that his office expects to roll out the updated services by mid-2022.

RKSA will serve as a replacement contract to consolidate existing TSP awards. New York-based asset management firm BlackRock currently serves as the fund manager for TSP, the report states.

You may also be interested in...

Defense Digital Acquisition and Modernization Forum

Expert Panel to Discuss DoD Strategies at GovConWire’s Defense Digital Acquisition and Modernization Forum

GovConWire’s Defense Digital Acquisition and Modernization Forum on Dec. 1 will feature an expert panel, composed of federal and industry leaders across the government contracting sector. The panel will address the DoD’s Software Acquisition Strategy, Defense Acquisition Workforce Development and the future of data and information technology modernization across agencies. To register for the Defense Digital Acquisition and Modernization Forum, as well as view upcoming opportunities, visit GovConWire’s Event Page.

The White House

Jake Sullivan Appointed National Security Adviser Under Biden Administration

Jake Sullivan, formerly deputy assistant to the president under the Barack Obama administration, has received appointment as national security adviser to President-elect Joe Biden. Sullivan is among the six key members of the incoming administration's foreign policy and national security team unveiled Monday.