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HomeMy WebLinkAboutResolution No. 2024-08Sponsored by: Administration CITY OF KENAI RESOLUTION NO. 2024-08 A RESOLUTION AWARDING A CONTRACT TO PROVIDE HEALTH AND LIFE INSURANCE CONSULTING SERVICES. WHEREAS, after advertising a Request for Proposals for health and life benefits consulting services, the following proposals were received and ranked by City Administration; BIDDER RANKING TOTAL SCORE Parker Smith & Feek 1 26.80 HUB International 2 21.60 Acrisure 3 21.25 and, WHEREAS, Parker Smith & Feek will provide the best value to the City based on evaluation criteria of the proposer's experience, qualifications of key staff, available resources, methodology and approach of the work to be performed, and cost; and, WHEREAS, the recommendation from City Administration is to award the contract to Parker Smith & Feek for a term of three years with the option to extend for up to two consecutive one-year terms with mutual consent of both parties; and, WHEREAS, sufficient funds are appropriated. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA. Section 1. That the contract to provide Health & Life Insurance Benefits Consulting Services is awarded to Parker Smith & Feek for the total amount of $50,000 annually for a period of three years. Section 2. That upon mutual consent of the City and Parker Smith & Feek, the City Manager may extend the contract for two consecutive one-year terms. Section 3. That this Resolution takes effect immediately upon passage. PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, THIS 20TH DAY OF MARCH, 2024. ATTEST: e ner, MC, City Clerk Approved by Finance: r.I �,Os - Brian Gabriel Sr., Mayor New Text Underlined; [DELETED TEXT BRACKETED] ..'erg, A. e City of Kenai 1210 Fidalgo Ave, Kenai, AK 99611-7794 1 907.283.75351 wwwkenaixity MEMORANDUM TO: Mayor Gabriel and Council Members THROUGH: Terry Eubank, City Manager FROM: Stephanie Randall, Human Resources Director DATE: March 1, 2024 SUBJECT: Resolution 2024-08 Benefits Consulting RFP Award On January 26, 2024, the City of Kenai launched a Request for Proposals (RFP) process, seeking responses from potential proposers to support the City's health care consultant and broker needs for employee benefits. Since 2020, the City has contracted with Marsh & McLennan to manage the City's health care consulting needs. As the City had not initiated a review of the market for the health care consultant services in several years, Human Resources worked with Administration to go to market with a formal RFP process. Following the proposal closure on February 23, 2024, the City received three proposals from Parker Smith & Feek, HUB International and Acrisure. The committee evaluating the proposals was comprised of Stephanie Randall, HR Director, Terry Eubank, City Manager; and Christine Cunningham, Assistant to the City Manager. Proposals were evaluated and assigned points based on the following factors: Firm Experience; Staff; Available Resources; Methodology and Approach; and Total Fee. Parker Smith & Feek was the highest ranked proposer, with 26.80 points versus 21.60 and 21.25 by HUB International and Acrisure, respectively. Upon approval by the City Council, the annual fee for Parker Smith & Feek's scope of services for the City will be $50,000. The implementation date for services would commence immediately upon approval of the City Council. Thank you for your consideration.