The School District obtains a Third-Party Administrator (TPA) Benefit Consultant as our broker of record for health and welfare plans and other life, accident and voluntary insurance policies procured from various insurance companies. Scope of services shall include but not limited to Consulting Services, Financial Services, Communications/Employee Engagement, Compliance and Legislative Support, Plan Administration/Daily Support, and Well-Being and Engagement as listed in Schedule A. The initial term is for four (4) years from June 1, 2024 through May 31, 2028 thereafter shall automatically continue for successive twelve (12) month periods (each a “Renewal Term”, and together with the Initial Term, the “Term”) for a maximum of four additional years.

The District requires Contractor to provide third party administrative services to ensure our staff receives products and services that meet their needs.

The Bailey Group has served as the TPA Benefit Consultant of record for approximately six (6) years and earns commissions from the Insurance Carriers based on the amount of payments from the District to the carriers on a monthly basis.

We expect the Contractor to continue providing quality services as they have done in previous years. In addition to the ongoing services, the Contractor will continue to sponsor and support the School Board's "Tools 4 Clay Schools Store" as well as any related events, in coordination and partnership with the Clay Education Foundation. Furthermore, the Contractor will fully subsidize or provide tech credits toward the benefits administration cost.

Goal 5; Strategy 5.4; Enhance fiscal practices that enable the district to maximize effectiveness and efficiency.

That the School Board approve the agreement between the School Board of Clay County and the Bailey Group, an NFP Company.