01-0158R

RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT WITH SUPERIORUSA BENEFITS CORPORATION TO PROVIDE ADMINISTRATIVE SERVICES FOR A FLEXIBLE BENEFITS PLAN FOR THE CITY FOR YEAR 2001, AT AN ESTIMATED COST OF $10,991.

BY PRESIDENT EDWARDS:

        RESOLVED, that the proper city officers are hereby authorized to execute an administrative services agreement with SuperiorUSA Benefits Corporation to provide communication, implementation and management of a flexible benefits plan for city employees for year 2001, in accordance with the provisions of Section 125 of the Internal Revenue Code, which agreement shall be substantially in the form of Public Document No. ______________, on file with the city clerk, at an estimated cost of $10,991, which shall be paid from the General Fund 0100, Agency 700, Org. 1479.


STATEMENT OF PURPOSE:  This resolution authorizes the execution of an agreement with SuperiorUSA Benefits Corporation to administer the city's flexible benefits plan during year 2001. The administrative participant fees for year 2001 are slightly less than in 2000. The annual re-enrollment fee is the same as in 2000.