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INSURANCEAPPROVED

Town of Montgomery Awards Insurance Contract to Principal Financial Services Inc (December 2025)

The City of Montgomery Council authorized the City Manager to enter into a twelve‑month contract with Principal Financial Services, Inc. to provide fully insured dental insurance coverage for full-time employees starting January 1, 2026. The plan has an estimated annual premium of $104,034.24 under the Principal Dental PPO option, with a one-year rate guarantee and a second-year rate cap of 8.4%.

Document date · December 3, 2025

Issuing agencyTown of MontgomeryVendorPrincipal Financial Services Inc

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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 annual premium $104,034.24
Contract type
INSURANCE
Contract term
January 1, 2026 – December 31, 2026 (twelve months)
Renewal date
2026-12-31
Renewal
Initial twelve‑month term with a one-year rate guarantee and an 8.4% cap on any second‑year rate increase if the contract is renewed.
Document type
Resolution
Source document
City of Montgomery Resolution 44, 2025 Dental Insurance Coverage Contract

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City of Montgomery City Council Organizational Meeting and Business Session Minutes 2025-12-03
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City of Montgomery AgendaPacket City Council Business Session 2025-12-03
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Town of Montgomery, OhioCombined estimated annual premium $86,568.96; 11.52% increase over currentDec 3, 2025
City of Montgomery Agenda City Council Business Session 2025-12-03
PENDING
Town of Montgomery, OhioDec 3, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Town of Montgomery?

Principal Financial Services Inc was awarded this insurance contract by Town of Montgomery, as recorded on December 3, 2025. The contract value is Estimated annual premium $104,034.24.

How much is the Principal Financial Services Inc contract with Town of Montgomery worth?

The Principal Financial Services Inc contract with Town of Montgomery is valued at Estimated annual premium $104,034.24, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Montgomery Resolution 44, 2025 Dental Insurance Coverage Contract (Resolution), dated December 3, 2025 from Town of Montgomery. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Principal Financial Services Inc hold?

Principal Financial Services 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.

View Principal Financial Services Inc's profile

What is Town of Montgomery currently buying?

Explore Town of Montgomery's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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