DISCLAIMER

 

05-0792R


RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT WITH SUPERIORUSA BENEFITS CORPORATION TO PROVIDE ADMINISTRATIVE SERVICES FOR A FLEXIBLE BENEFITS PLAN FOR THE CITY FOR YEAR 2006 AT AN ESTIMATED COST OF $11,250.

BY COUNCILOR ATKINS:

     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 2006, 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 $11,250, which shall be paid from the General Fund 100, Department 700, Division 1431.


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 2006. The monthly administrative participant fee will remain at $3.25, and the annual administrative fee will remain at $1,500. These rates are the same as 2005.