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Benefits Account Services

Seattle, WashingtonWashingtonDue Tuesday, June 30, 2026
Client
Seattle, Washington
RFP Number
BANKING-8924
Posted
5/28/2026
Category
Banking Services
Budget
Looking for Proposal
NAICS
Set-aside
Contact

Description

AI Generated

The Port of Seattle, Washington requires a vendor to provide comprehensive benefits account services, record keeping, and administrative services in connection with the port's plans. The agency is seeking to solve the challenge of managing employee benefit accounts by securing a dedicated account management team to handle technical issues and communicate directly with members. The selected vendor must maintain up-to-date enrollment based on monthly electronic files, notify the port when contribution funding is due, and upload and post contribution files after payroll transmissions. The scope of work covers maintaining and reconciling funding accounts, as well as receiving and processing participant claims for the applicable benefit accounts. The agency requires the vendor to verify employee and account eligibility, determine eligible reimbursement amounts based on annual elections and regulations, and communicate with claimants via phone, text, email, fax, or letter. Additionally, the vendor must regularly review accounts to prevent over-reimbursement, proactively recover any excess funds, and distribute account statements to employees at least twice a year via mail and email. Bidders must perform all work onsite and must be located onshore within the United States. The agency will accept digital proposal submissions via email or online, and the contract period will run for one year. The agency is looking for budget proposals from bidders rather than providing a set budget limit. The agency has scheduled a pre-bid conference for June 04, 2026. Bidders must submit all questions regarding this opportunity no later than June 08, 2026.

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