FINANCIAL_SERVICESEXTENDED

Kapnick benefits administration contract extended two years

Detroit Public Schools Community District plans to extend its third-party benefits administration contract with Kapnick & Company, Inc. for two more years at a total cost not to exceed $1,206,643. The agreement maintains current pricing and ensures continuous administration of FSAs, COBRA, and health benefit enrollments through June 30, 2028.

Status
EXTENDED
Document date
July 14, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Kapnick & Company Inc
Agency
Detroit Public Safety Academy · MI

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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
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
Estimated $603,322 annually; total not-to-exceed $1,206,643
Contract type
FINANCIAL_SERVICES
Contract term
July 1, 2026 – June 30, 2028
Renewal date
2028-06-30
Renewal
Two-year extension under Contract Clause 1.03 of the original 2023–2026 TPA agreement from RFP 23-0078; pricing remains flat.
Document type
Agenda
Source document
Detroit Public Safety Academy 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 Public Safety Academy?

Kapnick & Company Inc was awarded this financial services contract by Detroit Public Safety Academy, as recorded on July 14, 2026. The contract value is Estimated $603,322 annually; total not-to-exceed $1,206,643.

How much is the Kapnick & Company Inc contract with Detroit Public Safety Academy worth?

The Kapnick & Company Inc contract with Detroit Public Safety Academy is valued at Estimated $603,322 annually; total not-to-exceed $1,206,643, 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 Public Safety Academy Agenda Regular Board Meeting 2026-07-14 (Agenda), dated July 14, 2026 from Detroit Public Safety Academy. 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 Safety Academy currently buying?

Explore Detroit Public Safety Academy's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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