FINANCIAL_SERVICESRENEWED

Russellville School District Board Agenda Packet May 2026

District Renews Cafeteria Plan Administration with EBi

$0 per participating employee per month for COBRA; $0 billed annually for Cafeteria Plan Administration; commissions paid by insurance carriersRussellville SchoolsEDUCATIONAL BENEFITS INCMay 12, 2026

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Description

Russellville School District plans to renew its agreement with Educational Benefits, Inc. to serve as Agent of Record and third party administrator for employee cafeteria plans for the 2026–2027 school year. The 12‑month contract begins July 1, 2026, includes comprehensive benefits administration and compliance services, and is compensated through carrier-paid commissions with no direct administrative fees for COBRA and cafeteria plan services.

Contract Details

Contract Amount

$0 per participating employee per month for COBRA; $0 billed annually for Cafeteria Plan Administration; commissions paid by insurance carriers

Vendor

EDUCATIONAL BENEFITS INC

Agency

Russellville Schools, AR

Contract Type

FINANCIAL_SERVICES

Document Date

May 12, 2026

Contract Term

July 1, 2026 – June 30, 2027 (12-month duration), renewable annually

Renewal Date

2027-06-30

Renewal Info

Initial 12‑month term from July 1, 2026, to June 30, 2027, with option to renew at the end of each 12‑month period. Either party may terminate with 60 days written notice for good cause.