T2010 - Administrative Services for Section 125 Flexible Spending Accounts

The State of New Jersey, through the Department of the Treasury, Division of Purchase and Property, is procuring administrative services for the state's Section 125 Flexible Spending Account (FSA) program. The contract will cover the Unreimbursed Medical Spending Account (UMSA) and Dependent Care Spending Account (DCSA) plans for eligible state and public higher education employees. Key requirements include processing enrollments, providing payment cards, managing claims processing and account maintenance, executing file exchanges, and delivering various reports. Vendors must submit detailed security, disaster recovery, and backup plans as part of their technical response. The current contract expires on December 31, 2019, and this solicitation is a re-procurement of those administrative services. The bid solicitation provides background on the existing FSA program, including current participant counts, participating employers, and the annual open enrollment process. Key dates include an electronic question due date of February 11, 2019, a mandatory site visit, and a quote submission deadline of May 24, 2019.

This contract opportunity does not have a small business set-aside, but the state may invoke reciprocal action against out-of-state bidders based on their home state's vendor preference practices. The current incumbent vendor is WageWorks Inc., and the state outlines the existing program structure, participant data, and participating employers. While the solicitation does not provide details on the award value or budget, it states that the state will award a master blanket purchase order to the vendor whose quote is most advantageous based on pricing and technical factors.