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Awarded contract·Sedgwick County·Kansas

Employee Ancillary Benefits - FSA Administration

Won by Surency Life & Health Insurance Company dba Surency$250kAwarded 10/21/2021Single Award
Contract source

Awarded vendors

  • Surency Life & Health Insurance Company dba Surency

Description

This contract provides Sedgwick County with a comprehensive administration service for its employee Flexible Spending Accounts (FSA), covering health‑care and dependent‑care spending. The awardee will handle eligibility enrollment, claim adjudication, debit‑card issuance, ACH reimbursements, monthly reporting, compliance testing, and member support. The County will supply payroll‑deduction files and open‑enrollment data; the vendor will prefund claims, manage custodial banking, and maintain all plan documentation for a non‑ERISA Section 125 plan. The three‑year base term runs from 1 Jan 2022 to 31 Dec 2024, with two one‑year renewal options. Evaluation emphasized technical capability, customer service, experience with government entities, and a modest cost weighting. • Scope: Full‑service FSA administration (enrollment, claims, debit cards, reporting, compliance testing). • Vendor: Surency Life & Health Insurance Company dba Surency, selected from 164 respondents. • Term: 3‑year base period plus up to two 1‑year extensions; contract value estimated at roughly $250 K.

Attached files

Key dates

Bids closed
8/24/2021
Intent to award
10/21/2021
Awarded
10/21/2021
Starts
1/1/2022
Ends
12/31/2024Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524291
Solicitation №
21-0050

Contract value

$250,000

The RFP cites approximately 2,500 eligible employees. The awarded vendor’s fee schedule lists a per‑participant‑per‑month (pppm) rate of $2.75. Multiplying 2,500 participants × $2.75 × 12 months yields an annual cost of $82,500. Over the three‑year base term this totals roughly $247,500. Adding modest administrative fees and possible testing charges (e.g., $600 per extra discrimination test) pushes the total toward a round figure of $250,000. This estimate assumes the County will not add significant optional services or fee escalations.

AI estimate from the award documents

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