Opportunity
University of Akron Workday #1152307
Section 125 Flexible Benefits Cafeteria Plan Administration Services for The University of Akron
Posted
March 31, 2026
Respond By
April 15, 2026
Identifier
1152307
NAICS
923130
This opportunity involves The University of Akron seeking a provider for Section 125 Flexible Benefits Cafeteria Plan administration services. - Government Buyer: - The University of Akron, a public higher education institution in Ohio - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Products/Services Requested: - Setup, implementation, and administration of a Section 125 Flexible Benefits Cafeteria Plan - Plan document development - Installation and implementation (including group meetings, benefits fairs, and enrollment materials) - Enrollment services - Plan administration (reimbursements, online account access, payment processing, on-demand reporting, debit card program, annual close-out reporting, annual non-discrimination testing) - Administration of a 2.5-month grace period - Unique or Notable Requirements: - Web-accessible systems must meet Level A and Level AA criteria of WCAG 2.0 or higher - Vendors must provide a Voluntary Product Accessibility Template (VPAT) - Preference for products and bidders with significant Ohio economic presence (Buy Ohio and Buy America requirements) - Annual contract with a rate guarantee for three years - Implementation must be completed for a January 1, 2027 effective date
Description
The University of Akron is soliciting proposals for the setup, implementation, and administration of a Section 125 Flexible Benefits Cafeteria Plan. The scope includes plan document development, enrollment services, plan administration such as reimbursements and reporting, and a debit card program, with an implementation timeline targeting a January 1, 2027 effective date. The contract will have annual renewals with a rate guarantee for three years. Proposals must be submitted by April 15, 2027, via Workday Strategic Sourcing, and vendors must comply with accessibility standards and provide a Voluntary Product Accessibility Template (VPAT).