FINANCIAL_SERVICESEXTENDED

Kapnick benefits administration contract extended two years

Detroit Public Schools Community District plans a two-year extension of its third-party benefits administration contract with Kapnick & Company, Inc. from July 1, 2026 through June 30, 2028 at an estimated total cost of $1,206,643. Kapnick will continue managing flexible spending accounts, COBRA, and benefits enrollment for employees and retirees.

Status
EXTENDED
Document date
July 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Kapnick & Company Inc
Agency
Detroit Public Schools Community District · MI

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not-to-exceed $1,206,643 (estimated $603,322 annually)
Contract type
FINANCIAL_SERVICES
Contract term
July 1, 2026 – June 30, 2028
Renewal date
2028-06-30
Renewal
Original three-year term July 1, 2023–June 30, 2026 under RFP 23-0078 with options to extend; this exercises the two-year extension option at unchanged pricing.
Document type
AgendaPacket
Source document
Detroit Public Schools Community District AgendaPacket Regular Board Meeting 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Detroit Public Schools Community District?

Kapnick & Company Inc was awarded this financial services contract by Detroit Public Schools Community District, as recorded on July 13, 2026. The contract value is Not-to-exceed $1,206,643 (estimated $603,322 annually).

How much is the Kapnick & Company Inc contract with Detroit Public Schools Community District worth?

The Kapnick & Company Inc contract with Detroit Public Schools Community District is valued at Not-to-exceed $1,206,643 (estimated $603,322 annually), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Detroit Public Schools Community District AgendaPacket Regular Board Meeting 2026-07-14 (AgendaPacket), dated July 13, 2026 from Detroit Public Schools Community District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kapnick & Company Inc hold?

Kapnick & Company Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Detroit Public Schools Community District currently buying?

Explore Detroit Public Schools Community District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Detroit Public Schools Community District's profile

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