Specifications include, but are not limited to: The Plan Sponsor is soliciting sealed proposals from TPA’s for employee benefit design and administration for the IRC Section 125 Cafeteria Plan including COBRA. The Plan Sponsor intends to select one TPA from responding organizations. While the services of the selected TPA may be subject to annual review, it is expected that the services to the Plan Sponsor will continue for a period of at least two (2) years. The first plan year would be 2024 with policies effective beginning January 1, 2024. warded the contract, the selected TPA will: 1. Partner with the Kenton County Benefits team in the design and administration of the voluntary group insurance plans offered by the District. 2. Provide written Section 125 and Summary Plan Documents that are fully compliant with all IRS requirements and customized to fit the needs of the Plan Sponsor. 3. Ensure that all plan policies and procedures comply with current and future legislative and regulatory requirements. 4. Ensure that plan costs are reasonable and fully transparent to participants and the Plan Sponsor. 5. Provide plan-level reporting including fund information, asset totals, and transaction information. 6. Provide in-depth analysis of proposed product alternatives and assist with the process of selecting the most favorable annual renewal options. 7. Collaborate with all of Kenton County Board of Education’s current group insurance and Section 125 plan vendors/providers.
