2. 2
Request for Proposal (RFP) for
Depository Services
• Advertised April 6, 2016
• Due Date for proposals May 6, 2016
• City received five proposals
Background
3. 3
Background
Proposals received for employee benefit
services
• Crandall & Associates, Inc
• First Financial Group of America
• Frost in partnership with Bay Bridge
Administrators
• Catto & Catto
• Financial Benefit Services (FBS)
4. 4
Key Criteria for evaluation of proposals
• Quality of the Benefit Enrollment
Technical Program
• Qualifications and Experience
• Proposed services meet the objectives,
needs and requirements of the City
Background
5. 5
Evaluation committee reviewed all proposals and
decided on top three firms for interviews and
presentations
• Catto & Catto/FBS was chosen
• Local representation
• Monthly meetings for new hires full on-line enrollment
and educational forum for employees
• Bilingual website and customer reps
• 24/7 access via website
• Will work current HSA
Selection Process
6. 6
Summary of Ratings
Catto & Catto/FBS 82
First Financial 81
Crandall & Associates, Inc 79
7. 7
• In support of the City’s efforts to provide
employees with quality benefits in an
effective and efficient manner
• Best practice is to advertise for
proposals
Policy Analysis
8. 8
• $26,500 per year for a one year term and
thereafter with a year to year auto renewal
• During the initial period of transition from
September 1, 2016 until December 31,
2016, Catto & Catto in partnership with
Financial Benefits Services (FBS) will be
eligible to receive a pro rata portion of the
fees.
Fiscal Impact
