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  5. ›BROKER OF RECORD - EMPLOYEE HEALTH AND WELFARE BENEFITS

Awarded contract·Los Angeles Community College District·California

BROKER OF RECORD - EMPLOYEE HEALTH AND WELFARE BENEFITS

Won by USI Insurance Services$750kSingle Award
Contract source

Awarded vendors

  • USI Insurance Services

Description

This solicitation seeks a qualified insurance‑brokerage firm to serve as the Broker of Record for the Los Angeles Community College District’s employee health and welfare benefit programs. The contractor will provide a comprehensive suite of services on a fixed‑fee basis, including benefits analysis, compliance updates, audit and utilization reporting, marketing and placement of non‑medical lines, wellness program support, and the production of semi‑annual employee newsletters. The award is intended for USI Insurance Services, with the contract spanning an initial three‑year term and up to two optional one‑year extensions. Key points include: • Fixed‑fee pricing (no commissions or overrides) covering all listed services. • Mandatory deliverables such as quarterly premium reports, annual utilization studies, and wellness‑program metrics. • Contract term of three years plus two optional one‑year renewals, with a minimum 180‑day proposal validity period.

Attached files

Key dates

Bids closed
1/8/2025
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210
Solicitation №
RFP NO. 24-12

Contract value

$750,000

No explicit dollar amount is disclosed. Based on typical broker‑of‑record fees for a public‑sector district serving roughly 5,500 full‑time employees (plus part‑time and retirees) and managing multiple self‑funded lines, a reasonable annual fixed fee would range from $150,000 to $250,000 (≈ 1‑2 % of the district’s total benefits premium). Assuming a mid‑point of $200,000 per year for the three‑year base term yields $600,000, plus a modest “not‑to‑exceed” newsletter cost (≈ $50,000 total). This suggests a total contract value in the vicinity of $650,000‑$750,000. Therefore a conservative ball‑park estimate of $750,000 is provided.

AI estimate from the award documents

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