Long/short term disability insurance
Ended Definitive Contract Awarded Last action
- Contract number
- 2031JW21C00004
- Awardee
-
Metropolitan Life Insurance Co UEI XN1CSKV5KNR8 Part of Metlife, Inc.
- Awarding agency
-
Office of the Comptroller of the Currency
Department of the Treasury
- Obligated
- $4,038,802
Award facts
- Opportunity
-
- Disabilitly STD/LTD Program Solicitation · 2031JW20Q00067 · Posted Jun 15, 2020
- Contract value 96% obligated
-
- $4,038,801.78 Current, with exercised options
- $4,187,047.23 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 524113 Direct Life Insurance Carriers
- Set-aside
- No set-aside
- Competition
- Competed under SAP · 2 offers Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Oriskany, NY 13424, USA
- Legislative mandates
-
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $73,848 | |
| Other Administrative Action | -$234,640 | |
| Exercise an Option | $919,636 | |
| Funding Only Action | $90,925 | |
| Exercise an Option | $803,991 | |
| Exercise an Option | $823,226 | |
| Exercise an Option | $746,671 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $815,145 |
About this award
The Office of the Comptroller of the Currency awarded a $4.19 million definitive contract to Metropolitan Life Insurance Co. for long- and short-term disability insurance administration on January 1, 2021, under a firm fixed-price arrangement with no set-aside.
The originating solicitation, posted June 15, 2020 and due July 27, 2020, seeks underwriting and administration of integrated short- and long-term disability programs for approximately 3,581 OCC and Office of Financial Research employees. The contractor must provide disability case management from claims intake through appeals and administer programs onsite at locations in Washington, D.C. and throughout the United States to serve the geographically dispersed federal workforce. The contract extends through December 31, 2025.
Place of performance is Oriskany, NY. Government-invoiced Service Contract Inventory data shows actual labor utilization from FY2021 through FY2024: 2.8 FTEs and 5,897 hours in FY2021 ($535 thousand), rising to 4.0 FTEs and 8,216 hours in FY2023 ($799 thousand), then declining to 1.0 FTE and 2,170 hours in FY2024 ($864 thousand). The derived government-paid hourly rate trended upward from $90.65 per hour in FY2021 to $97.22 per hour in FY2023, reaching $397.96 per hour in FY2024. Metropolitan Life Insurance Co. self-performed all reported hours across the period with no subcontractor engagement.
Quick answers
Who was awarded contract 2031JW21C00004?
2031JW21C00004 was awarded to Metropolitan Life Insurance Co by Office of the Comptroller of the Currency (Department of the Treasury) on January 1, 2021.
How much is contract 2031JW21C00004 worth?
The government has obligated $4,038,802 on 2031JW21C00004. Its potential value, with all options, is $4,187,047.
Was contract 2031JW21C00004 competed?
The extent of competition for 2031JW21C00004 was competed under sap. The government received 2 offers.
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