Health and Welfare Benefits Brokerage and Retirement Plan Fiduciary Services

Overview

Financial, Legal, HR & Staffing

Washington, District of Columbia, United StatesPosted 15 days agoDeadline: May 6th, 2026

Fit Score

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SUMMARY

Washington, DC government seeks a firm for health and welfare benefits brokerage, retirement fiduciary services, and comprehensive plan administration support.

KEY REQUIREMENTS

Must be a licensed benefit broker
Must have experience advising comparable non-profit organizations
Must possess knowledge of federal, state, and local compliance obligations for multi-state employers
Must be able to work with Workday for benefit enrollment and payroll processing
Fiduciary advisor must be a SEC registered investment advisor
Fiduciary advisor must meet all SEC safe-harbor requirements
Must agree to acknowledge co-fiduciary status in writing
Must be able to perform annual retirement plan 5500s audit and submission
Must not be debarred by the U.S. government

BUDGET

Estimate

$50,000 – $150,000

TIMELINE

RFP Issued: April 22nd, 2026

Questions Due: April 27th, 2026

Answers Provided: April 29th, 2026

Proposals Due: May 6th, 2026

Evaluation and Finalist Meetings: May 11th – 22nd, 2026

Final Selection: Week of May 25th, 2026

Consultant of Record Inception: July 1st, 2026

QUESTION DEADLINE

April 27th, 2026

Issuing Agency

World Resources Institute

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

The government authority in Washington, DC seeks a vendor to provide comprehensive health and welfare benefits brokerage as well as retirement plan fiduciary services. The scope includes administration support, consulting, and insurance brokerage services for group medical, prescription, dental, vision, flexible spending accounts, health savings accounts, supplemental health plans, employer-paid and voluntary life insurance, accidental death and dismemberment, short-term and long-term disability, mandatory state benefit compliance, parental leave, employee assistance plans, and workers compensation administration.

The vendor is expected to deliver technical assistance and guidance regarding enhancements to benefit coverage, efficiency improvements in plan design and administration, and support during transitions. The services also include reviewing and evaluating administrative processes for enrollment and billing, recommending and assisting with process enhancements, and providing recommendations on trends, cost containment strategies, financial arrangements, and administration.

Additionally, the selected company will develop or assist in developing and evaluating employee needs and satisfaction surveys, ensuring strong communication and compliance throughout.

Source attribution

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