Summary of Specifications:
The Escambia County School District in Pensacola, Florida (hereinafter referred to as "ECSD" or the “School District”) has a need to establish a contract with a Benefit Consulting Services Firm to assist in evaluating, structuring, and on-going monitoring of its Employee Benefits Program, including but not limited to its current self-funded medical and dental plans. The Escambia County School District has approximately five thousand five hundred (5,500) full-time benefit eligible employees which enjoy a full benefit package including medical, dental, life insurance, a flexible spending plan, tax sheltered annuity (TSA) plans, and a variety of voluntary benefit plan options, and an additional one thousand nine hundred (1,900) retirees who enjoy selected benefit that may be continued at the time of retirement. Employee benefits are administered through the Employee Benefit Trust Fund which is overseen by a Board of Trustees and also reviewed on an ongoing basis by an Employee Benefits Committee. The District currently spends $62,500 a year on consulting services under the current contract, but due to a proposed significant increase by the incumbent firm, the District has elected to market at this time. All benefits offered by the District are offered on an annual basis through an benefit enrollment company with an Agent of Record status. The consultant will provide advice and guidance in evaluating current programs/plans recommending changes consistent with changes in the market, recommend benefit changes that will reduce overall costs, provide bid requests and proposals as required, conduct feasibility studies for potential programs, and provide actuarial services when needed.
