Agent of Record Service for Employee Benefits

Overview

Financial, Legal, HR & Staffing

Texas, United StatesPosted about 1 month agoDeadline: May 4th, 2026

Fit Score

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SUMMARY

Texas government seeks an agent of record to oversee and optimize employee fringe benefit programs, including insurance and retirement plans.

KEY REQUIREMENTS

Must be licensed to provide Agent of Record services for fringe benefits in the State of Texas
Must have a minimum of five years of demonstrated actual work experience in providing requested services to similar entities
Must have a satisfactory record of integrity and ethics
Must be in good standing with applicable national or state professional associations and licensure/certification agencies/boards
Must be able to provide General and Professional Liability Insurance with a minimum of $1,000,000 per claim and $3,000,000 annual aggregate
Must be able to provide a Fidelity Bond (Employee Dishonesty) of at least $500,000
Must be able to provide Cyber Liability Insurance with limits of at least $1,000,000 per occurrence and $3,000,000 annual aggregate
Must achieve an overall score of at least 70 points in the evaluation process

BUDGET

Estimate

$50,000 – $250,000

CONTRACT DURATION

60 months

TIMELINE

RFQ Release Date: April 1st, 2026

Deadline for Written Questions: April 8th, 2026

Final Q&A Posted to Website: April 13th, 2026

RFQ Response Deadline: May 4th, 2026

QUESTION DEADLINE

April 8th, 2026

Issuing Agency

Serco, Inc.

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

The government authority located in Texas is seeking a vendor to provide comprehensive agent of record services for employee fringe benefits. This includes management and oversight of programs such as flexible spending accounts, health insurance, life insurance, and employer-sponsored retirement plans.

The selected agent will be responsible for the strategic planning, design, negotiation, implementation, and ongoing servicing of cost-effective benefit programs. Responsibilities also involve analyzing existing benefit plans, providing recommendations for plan improvements, cost savings, and enhancements, as well as identifying and evaluating new benefit offerings available in the market.

Vendors must be able to offer expert analysis and recommendations to ensure optimal employee benefits solutions and effective plan administration.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.