Madison County Transit #26-1-14601

Third-Party Administration Services for Employee Flexible Benefits (Cafeteria) Plans

This opportunity seeks a qualified provider for third-party administration of employee flexible benefits plans for a public transit agency in Illinois. - Government Buyer: - Agency for Community Transit (Madison County, Illinois) - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Products/Services Requested: - Third-party administration services for two employee flexible benefits plans (Cafeteria Plans under Section 125(d) of the Internal Revenue Code) - No part numbers or product quantities specified; service covers comprehensive plan administration - Unique or Notable Requirements: - Submission of a technical proposal and bid price schedule is required - Option to submit an additional service fee schedule - All instructions and documentation are provided via the procurement portal - No hardware or software products are being procured; this is a professional services opportunity

Description

The Agency for Community Transit is soliciting quotes from qualified organizations to provide third party cafeteria plan administration services for two employee flexible benefits plans. Both plans are intended to qualify as a "Cafeteria Plan" under Section 125(d) of the Internal Revenue Code. The selected organization will be responsible for timely administration and management of these two plans.

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