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city-of-paducah-employee-benefits-fee-for-services-agreement_295.pdf

Paducah Engages HUB International for Employee Benefits Broker

$20,475.00 per quarter (Consulting Fee: $18,900/quarter; Data Analytics Fee: $1,575/quarter), plus carrier commissions: Dental 10%, Vision 10%, Group Term Life 15%, Vol. Life 15%, LTD 15%, Colonial 35% (first year)/3% (renewal); additional contingent commissions possible.city of Paducah Section 8 Housing ProgramHUB INTERNATIONAL MID-SOUTHJanuary 1, 2026

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Description

The City of Paducah approved a fee-for-services agreement with HUB International-Mid-South for brokerage and consulting services covering health, dental, vision, life, and related employee benefit plans. The agreement provides for a $20,475 quarterly fee and authorizes HUB to receive recurring insurance carrier commissions based on premium volume. The contract starts January 1, 2026, and continues annually unless terminated with proper notice.

Contract Details

Contract Amount

Vendor

HUB INTERNATIONAL MID-SOUTH

Agency

city of Paducah Section 8 Housing Program, KY

Contract Type

INSURANCE

Document Date

January 1, 2026

Contract Term

Commencing January 1, 2026; ongoing annual term; subject to 90 days written notice, but not effective before first annual anniversary.

Renewal Date

2027-01-01

Renewal Info

Agreement automatically renews each anniversary of January 1 unless either party gives 90 days advance written notice to terminate, but not before the first annual anniversary. HUB may adjust fees based on service changes or workforce size.