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  5. ›2026.2016 Employee Benefits Insurance Broker Services…

City of Conway·Arkansas

2026.2016 Employee Benefits Insurance Broker Services – Request for Proposals

Rolling / TBD close$200k – $500kRequest for Proposal
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Description

The City of Conway seeks a qualified employee‑benefits insurance broker to deliver comprehensive brokerage, consulting, and advisory services for its municipal employee health‑insurance program. The broker will evaluate the existing benefits structure, develop funding strategies, market the plan to carriers, negotiate rates and contract terms, and provide ongoing administration and compliance support. This is an electronic‑submission RFP with the bid opening scheduled for September 16, 2026. • Scope includes full benefits program analysis, carrier selection, rate negotiation, and ongoing administration. • Services must cover health insurance and ancillary employee benefits for all City of Conway employees. • The selected firm will act as the City’s primary liaison with insurance carriers and must ensure regulatory compliance throughout the contract term.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Bart Castleberry(Mayor)

Key dates

Opened
9/6/2026
Closes
Rolling / TBD

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524210
Solicitation №
2026.2016

Budget estimate

$200,000 – $500,000

The City of Conway’s employee‑benefits budget is likely in the low‑mid six‑figures. Brokerage firms typically earn fees based on a percentage of the total premiums (often 2‑5%). Assuming the City’s combined health‑insurance premium runs between $4 million and $10 million annually, the broker’s annual fee could range from $200,000 to $500,000. This estimate also considers additional consulting and administration services that may be billed separately.

AI estimate from the solicitation

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