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  4. ›2024 Employee Benefit Brokerage and Consulting Services…

Awarded contract·Canyon County·Idaho

2024 Employee Benefit Brokerage and Consulting Services (RFP)

Won by Gallagher Benefit Services, Inc.$500kAwarded 10/3/2024Single Award
Contract source

Awarded vendors

  • Gallagher Benefit Services, Inc.

Description

The County of Canyon is seeking a qualified firm to provide full‑service employee‑benefit brokerage and consulting for roughly 900 full‑time county employees. The scope includes maintaining existing benefit carriers, evaluating and redesigning plan options, conducting annual claims analyses, negotiating contracts, delivering employee communications, ensuring regulatory compliance, and providing ongoing HR support. The vendor must integrate with the County’s ADP payroll/benefit platform and submit fee/commission proposals. The solicitation was competitively opened, proposals were due August 1 2024, and Gallagher Benefit Services, Inc. was selected as the awardee. • Comprehensive brokerage for health, dental, vision, life, disability, HRA/FSA, COBRA, and related voluntary benefits. • Consulting services covering plan design, cost‑containment strategies, market benchmarking, and employee education. • Required integration with ADP systems and delivery of regular reporting, surveys, and performance metrics.

Attached files

Key dates

Bids closed
8/1/2024
Intent to award
10/3/2024
Awarded
10/3/2024
Contract modified
8/22/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524210

Contract value

$500,000

The RFP does not disclose a contract dollar amount. Estimating based on the County’s 900 employees, average annual health‑benefit cost per employee (~$10,000) yields roughly $9 million in total benefits. Brokerage/commission fees typically range from 1‑3 % of premium volume, plus consulting fees for plan analysis and administration. Assuming a 2 % broker fee ($180,000) plus an annual consulting retainer of $250,000, the total annual contract value would be in the range of $400,000‑$500,000. Considering potential multi‑year extensions, a reasonable ball‑park figure is approximately $500,000.

AI estimate from the award documents

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