Flexible Spending Account (FSA) - Sources Sought Synopsis
Closed Pre-Solicitation Posted
- Solicitation number
- 2031JW24N00007
- Agency
-
Office of the Comptroller of the Currency
Department of the Treasury
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- Not on record
- Place of performance
- United States
Notice details come from SAM.gov. Updated .
About this opportunity
The Office of the Comptroller of the Currency (OCC) is seeking a qualified contractor to administer its Flexible Spending Account (FSA) program for approximately 3,650 employees nationwide. The requirement includes managing Health Care, Dependent Care, and Parking FSA accounts in compliance with IRS Code Sections 125 and 132. Critical service requirements include a web-based enrollment system, dedicated plan administrator, online account access, direct debit cards for Health Care FSAs, electronic claims processing, and customer service support. Potential contractors must submit a three-page response by December 30, 2024, at 5:00 p.m. EST to patrick.reil@occ.treas.gov and sean.frey@occ.treas.gov. The evaluation will focus on identifying capable sources and assessing small business participation potential, including 8(a), HUBZone, SDVOSB, EDWOSB, and WOSB concerns.
The procurement falls under NAICS code 541611 with a small business size standard of $24.5 million. The anticipated contract will have a five-year period of performance beginning January 1, 2026, consisting of a 12-month base period and four 12-month option periods on a firm-fixed-price basis. The program includes annual employer contributions of $500 per employee for Life Cycle Account benefits, with plan limits ranging from $100 minimum to IRS maximum annual amounts for Health and Dependent Care accounts. Contractors must be prepared to process claims within two business days at a 95% service level and maintain customer service availability from 8:00am-7:00pm ET, with 80% of calls answered within 90 seconds. The current incumbent contract expires on March 31, 2026, and the new contractor must coordinate with the National Finance Center for payroll deductions and implement the program by January 1, 2026.
Notice text
The Office of the Comptroller of the Currency (OCC) has a requirement for an experienced and qualified Contractor to administer its Flexible Spending Account (FSA) program for its employees. The Contractor shall administer the OCC’s Plan in accordance with Section 125 of the IRS Code and Section 132 of the IRS Code. The Contractor shall provide the following features as part of its FSA management administration services:
- Web-based on-line enrollment
- Dedicated Plan Administrator
- Participant account inquiry via the Internet
- Non-discrimination testing services
- Direct Debit Card for the Health Care FSA only
- Electronic claims submission
- Communication materials
- Administrative Operating manual
Please see attachment(s) for information for the entirety of the requirement.
Files
| File | Type | Posted |
|---|---|---|
| Draft Requirements Statements FSA.pdf | ||
| Sources Sought Synopsis_Flexible Spending Account_OCC.pdf |
Similar open opportunities
| Opportunity | Agency | Set-aside | Responses due |
|---|---|---|---|
| Sources Sought / Request for Information — BENEFEDS Federal Benefits Enrollment and Premium Administration Services (Follow-On) | Office of Personnel Management | No set-aside |
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