TITLE
Consider a memorandum/resolution authorizing the award of a professional services agreement with Arthur J. Gallagher & Co. to serve as benefits consultant effective October 1, 2015 (RFQ 15-12 Benefits Consultant Services).
SUMMARY
AGENDA ITEM
Professional services agreement with Arthur J. Gallagher & Co. (RFP 15-12 Benefits Consultant Services)
ORIGINATING DEPARTMENT
Human Resources
BACKGROUND INFORMATION
All benefits provided to the City of Killeen employees are reviewed annually to ensure that the City and employees are receiving the best coverage for the best price and to ensure that benefits are administered in compliance with federal regulations. Both can be accomplished most effectively through consultation with and support from experts who specialize in both of these areas. The City’s benefits consultant services are currently provided by Arthur J. Gallagher & Co.
DISCUSSION/CONCLUSION
To secure the “best value” in employee benefits, City staff has utilized the RFQ process to identify the firm with whom to partner. This RFQ was designed to select a qualified, innovative benefits consultant who has a proven track record of providing effective services in all aspects of employee benefits, particularly health and welfare management.
Purchasing staff distributed the RFQ to interested entities, posted the RFQ on the City website, IonWave, DemandStar, and the State of Texas ESBD (Electronic State Business Daily), and advertised in the Killeen Daily Herald. Six (6) entities submitted proposals: Alamo Insurance Group, First Financial Group of America, Frost, Arthur J. Gallagher & Co., IPS Advisors, and McQueary Henry Bowls Troy (MHBT). As part of the RFQ process, entities were asked to describe their scope of services including, but not limited to, employee health and dental benefits; health reimbursement accounts; volun...
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