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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$900kSingle Award
Contract source

Awarded vendors

  • USI Insurance Services

Description

The Los Angeles Community College District is seeking a qualified insurance‑brokerage firm to serve as its Broker of Record for employee health and welfare benefits. The award will be a fixed‑fee, multi‑year contract (initial term three years with two optional one‑year extensions) to manage, advise, and administer a portfolio that includes medical, dental, vision, life, disability, and voluntary benefits for roughly 9,600 employees, retirees, and part‑time staff. The broker will be responsible for benefits review, compliance updates, audit and utilization reporting, marketing and placement of non‑medical lines, wellness program support, and ongoing liaison duties with carriers and the District’s joint labor‑management committee. No commission or override compensation is permitted; all fees must be expressed as a flat annual amount. The solicitation was open to full and open competition, with a proposal deadline of 8 January 2025 and an intent‑to‑award announced 21 February 2025. • Fixed‑fee, three‑year contract (up to five years with extensions) • Comprehensive brokerage services covering health, vision, dental, life, disability, and voluntary benefits • Requirement to provide quarterly/annual reports, audits, wellness program support, and ongoing compliance updates.

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

$900,000

No explicit dollar amount is disclosed. The contract covers ~9,600 beneficiaries and requires a comprehensive suite of brokerage, advisory, compliance, reporting, and wellness services. Comparable public‑sector broker‑of‑record contracts for similar employee populations typically range from $150 k to $250 k per year, depending on scope depth and market conditions. Assuming a midpoint of $200 k annually for a three‑year base term yields $600 k. Adding the two optional one‑year extensions (each at the same rate) brings the potential maximum to $1 million. Therefore a reasonable ball‑park estimate for the total contract value is roughly $900 k (assuming only the base three‑year term is exercised).

AI estimate from the award documents

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