Agreement with Discovery Benefits, LLC for Health Savings Account Administration. effective January 1, 2020 with an estimated $4,950.00 annually in City paid fees; approximately $24,750 over five years; this agreement will be for an initial term of one year with annual renewal options, with guaranteed renewal rates through January 2025; authorize the City Manager to execute up to four annual renewal options with aggregate price fluctuations of the lesser of up to $50,000 or 25% of the original contract value so long as sufficient funding is appropriated by the City Council to satisfy the City's obligation during the renewal terms (additional renewal options beyond the four specified may be authorized but will require future City Council approval)

Agenda Item Consent Agenda Introduced July 30, 2019

What this record is

Held by: Discovery Benefits, LLC
Amount: $50K
Runs until: January 31, 2025 already ended date quoted from the award document
Type: amendment
Field: Health & social

Read automatically from the title of the official record. The source document below is authoritative.