EMPLOYEE BENEFITS CONSULTANCY AND BROKERAGE SERVICES

The Township of Toms River is seeking a qualified vendor to provide employee benefits consultancy and brokerage services. The selected vendor will be responsible for performing an annual consultative review and detailed analysis of all benefit and insurance programs, providing recommendations and immediate action plans for compliance and other coverage issues, and conducting request for proposals (RFPs) and marketing services for all lines of coverage. The vendor will also be required to provide access to a dedicated day-to-day consulting team, prepare and conduct RFPs, and provide standard client reporting. • The vendor must have at least 10 years of experience in employee benefits brokerage specifically with public entity clients. • The vendor must provide written proof of possession of appropriate federal and state licenses to perform state insurance brokerage activities. • The vendor must have on staff benefits legal counsel that can provide legal, regulatory, and compliance services. • The vendor must have access to actuarial service capabilities, including software services that can be used to help model plan changes. • The vendor must provide a benefits web site for employees and dependents. • The vendor must provide standard service access to service professionals that can assist in the day-to-day elevated claim and service resolution issues for employees and dependents.