FINANCIAL_SERVICESEXTENDED

Kapnick Benefits Administration Contract Extended Two Years

The school board will consider 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 annual cost of $603,322. The extension maintains current pricing and ensures continuity of enrollment, FSA, COBRA, and carrier reporting services.

Status
EXTENDED
Document date
July 14, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Kapnick & Company Inc
Agency
Detroit Academy Of Arts And Sciences · MI

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TerraCycle logo
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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
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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
Exercise of Contract Clause 1.03 option to extend the original July 1, 2023–June 30, 2026 agreement for an additional two years at the same pricing.
Document type
Agenda
Source document
Detroit Academy Of Arts And Sciences Agenda 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 Academy Of Arts And Sciences?

Kapnick & Company Inc was awarded this financial services contract by Detroit Academy Of Arts And Sciences, as recorded on July 14, 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 Academy Of Arts And Sciences worth?

The Kapnick & Company Inc contract with Detroit Academy Of Arts And Sciences 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 agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Detroit Academy Of Arts And Sciences Agenda Regular Board Meeting 2026-07-14 (Agenda), dated July 14, 2026 from Detroit Academy Of Arts And Sciences. 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 Academy Of Arts And Sciences currently buying?

Explore Detroit Academy Of Arts And Sciences's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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