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Iowa Department of Administrative Services·Iowa

Employee Benefits Consultant Services

Closes 10/20/2026$500k – $2MRequest for Proposal
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Description

The State of Iowa seeks a qualified employee‑benefits consultant to deliver strategic, actuarial, and operational support for its employee benefits programs. The contractor will evaluate benefit plan design, provide actuarial analysis and financial forecasting, support procurement and collective‑bargaining activities, and monitor vendor performance and market trends. The award will be a two‑year contract (with up to four one‑year extensions) and will require separate technical and cost proposals, a confidentiality form, and certification that the firm is not a “Prohibited Company” under Iowa law. • Scope includes benefit‑plan design optimization, actuarial valuations (including GASB 75), renewal support, and vendor‑management reporting. • Mandatory qualifications: recent union negotiation experience, large‑scale group‑insurance actuarial work (≥ 20 k employees, ≥ $100 M premium volume), and access to a Fellow of the Society of Actuaries. • Submission deadline is 20 Oct 2026 2 PM CDT; questions must be submitted by 24 Sep 2026.

Attached files

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

Contact

Jocelyn Brincks(Issuing Officer)

[email protected]

(515) 499-3659

Key dates

Opened
9/14/2026
Questions due
9/24/2026
Closes
10/20/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541611
Solicitation №
005-RFP-3086-2027

Budget estimate

$500,000 – $2,000,000

No contract value is disclosed, but a statewide employee‑benefits consulting effort for a large public employer typically ranges from $0.5 million to $2 million per year, depending on scope, staffing levels, and the inclusion of actuarial studies. Assuming a two‑year base term, the total contract value could be roughly $1 million‑$4 million, with potential extensions adding similar amounts. Factors influencing the range include the number of employees covered (tens of thousands), the complexity of actuarial work, and any optional services or performance‑security retainage.

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