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Cost of Trust Funds

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					                                                 Department of Employee Trust Funds
                                                                   State Of Wisconsin

                               Summary of Actuarial Services Cost Proposals (Section D)
Note all cost is for the first year retainer amount. See the actual cost proposal for exceptions and hourly rates for ad-hoc services

                                                         WRS                          Health                   Other Insurance
                                                      ETG0011                       ETG0012                        ETG0013
                                                Retainer Exceptions            Retainer Exceptions           Retainer Exceptions
Gabriel, Roeder, Smith & Company               $ 178,500                      $ 840,000        ###          $ 85,000
Cheiron, Inc                                   $ 420,000                        No Bid                        No Bid
PricewaterhouseCoopers LLP                     $ 595,000         ***          $ 575,000                     $ 175,000
Deloitte Consulting LLP                          No Bid                       $ 398,000                     $ 39,800
Milliman, Inc.                                 $ 173,000         ***            No Bid                        No Bid
The Segal Company (Midwest), Inc.              $ 135,000                      $ 255,000        ***            No Bid
AON Consulting                                 $ 265,000                      $ 195,000                     $ 95,000
Cavanaugh Macdonald Consulting, LLC            $ 325,000                        No Bid                        No Bid

***   Indicates that the vendor has qualified the cost proposal to indicate that additional charges may be assessed for certain manditory work listed in the RFP.

###   Indicates that the vendor may discount the price in a given year depending on the level of vendor search efforts in a given contract year.

Prepared by the Office of Internal Audit and Budget on 6/13/07
ed in the RFP.
                                                                       Department of Employee Trust Funds
                                                                                         State Of Wisconsin

                                           Summary of Actuarial Services Cost Proposals With Points (Section D)
Note all cost is for the first year retainer amount. See the actual cost proposal for exceptions and hourly rates for ad-hoc services

  Points calculated for finalists only as follows: (lowest cost first year retainer)/bidders first year retainer amount) * total possible cost points
  As such, the lowest cost finalist will get 100% of the cost points

 Total Non-Cost points (weighted) 80%                1,230.0                                       700.0                                       890.0
                Total Cost Points 20%                  307.5                                       175.0                                       222.5
                 TOTAL Points 100%                   1,537.5                                       875.0                                     1,112.5

                                                                   WRS                                        Health                                Other Insurance
                                                                 ETG0011                                     ETG0012                                     ETG0013
                                                    Retainer     Cost Pts     Exceptions        Retainer     Cost Pts    Exceptions         Retainer     Cost Pts    Exceptions
Gabriel, Roeder, Smith & Company                   $ 178,500         307.5                     $ 840,000                      ###          $ 85,000
Cheiron, Inc                                       $ 420,000         130.7                       No Bid                                      No Bid
PricewaterhouseCoopers LLP                         $ 595,000          92.3        ***          $ 575,000         121.1                     $ 175,000          50.6
Deloitte Consulting LLP                              No Bid                                    $ 398,000         175.0                     $ 39,800          222.5
Milliman, Inc.                                     $ 173,000                      ***            No Bid                                      No Bid
The Segal Company (Midwest), Inc.                  $ 135,000                                   $ 255,000                      ***            No Bid
AON Consulting                                     $ 265,000                                   $ 195,000                                   $ 95,000
Cavanaugh Macdonald Consulting, LLC                $ 325,000                                     No Bid                                      No Bid

***   Indicates that the vendor has qualified the cost proposal to indicate that additional charges may be assessed for certain manditory work listed in the RFP.
      The points awarded will require adjustment since this cost does not include all manditory work listed in the RFP.

###   Indicates that the vendor may discount the price in a given year depending on the level of vendor search efforts in a given contract year.




Prepared by the Office of Internal Audit and Budget on 6/18/07 R1- revised to correct the total number of possible cost points
                                                                           Department of Employee Trust Funds
                                                                                                State Of Wisconsin

                                           Summary of Actuarial Services Proposals - Total Weighted Point Scores


  Cost Points calculated for finalists only as follows: (lowest cost first year retainer)/bidders first year retainer amount) * total possible cost points
  As such, the lowest cost finalist will get 100% of the cost points

 Total Non-Cost points (weighted) 80%                   1,230.0                                        700.0                              890.0
                Total Cost Points 20%                     307.5                                        175.0                              222.5
                 TOTAL Points 100%                      1,537.5                                        875.0                            1,112.5

                                                                       WRS                                       Health                       Other Insurance
                                                                     ETG0011                                    ETG0012                           ETG0013
                                                     Weighted                                       Weighted                           Weighted
                                                     Non-Cost                                       Non-Cost                           Non-Cost
                                                      Points         Cost Pts         Total          Points     Cost Pts      Total     Points    Cost Pts      Total
Gabriel, Roeder, Smith & Company                                         307.5        307.50                            -                              -
Cheiron, Inc                                                             130.7        130.69                            -                              -
PricewaterhouseCoopers LLP                                                92.3         92.25                          121.1   121.13                  50.6       50.60
Deloitte Consulting LLP                                                    -                                          175.0   175.00                 222.5      222.50
Milliman, Inc.                                                             -                                            -                              -
The Segal Company (Midwest), Inc.                                          -                                            -                              -
AON Consulting                                                             -                                            -                              -
Cavanaugh Macdonald Consulting, LLC                                        -                                            -                              -




Cost points calculated by the Office of Internal Audit and Budget; Weighted Non-Cost Points provided by Robert Willett, Office of Trust Finance

    ______________________________________________________________                                              8/16/2007
    Robert Willett, Agency Coordinator for the 2007 Actuarial Services Contracts Procurements                  Date




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