Item Description:
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Agmt PR00007704 with Alliant Insurance Services, Inc, for actuarial, advisory and compliance services in support of the design, administration and communication of employee benefit plans sponsored by Hennepin County, 01/01/26-12/31/28, NTE $975,000
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Resolution:
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BE IT RESOLVED, that Agreement PR00007704 with Alliant Insurance for the provision of actuarial and benefit consulting services with regard to Hennepin County employee benefit plans, during the period January 1, 2026 through December 31, 2028, with a not to exceed amount of $975,000 be approved; that the County Administrator is delegated the authority to approve any amendments to Attachment A; and that the Chair of the Board be authorized to sign the agreement on behalf of the county; and that the Controller be authorized to disburse funds as directed.
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Background:
Since 1977, the county has contracted for employee benefit consulting and health care actuarial services for assistance with the design, management, marketing and funding of insured and self-insured medical and other welfare benefit plans extended to county employees and retirees. Approximately every 5 years, the Human Resources Department conducts a competitive Request for Proposal (RFP) process for such services.
This agreement will assist the county in establishing employee benefit strategies, vendor and provider relationships, program and risk management capabilities and financial outcomes that meet stakeholder needs over the long term. In addition, the agreement will support and maintain the country's strong Total Rewards strategy that serves to attract, motivate and retain talent for the organization.
Current Request:
Three consulting firms responded to the county's RFP. After evaluating the three proposals and finalist presentations, county administration is recommending that the contract be awarded to Alliant Insurance Services, Inc., based on their technical expertise, data, tools and publi...
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