BY COUNCILOR GARDNER:
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 2008, 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 2008. 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 2007.