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

The City of Montgomery approved a contract with Principal Financial Services, Inc. to provide group dental insurance for full-time employees for the 2026 benefit year. Principal was selected based on an 11.52% rate increase, which was more favorable than the current carrier Anthem's 20% increase.

Document date · December 3, 2025

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Scope & details

The full contract record, as filed.

Contract type

INSURANCE

Contract term

2026 benefit year

Renewal date

2026-12-31

Renewal

New group dental insurance provider for 2026, replacing Anthem based on more favorable renewal rates; continuation beyond 2026 will require future council authorization.

Document type

Minutes

Source document

City of Montgomery City Council Organizational Meeting and Business Session Minutes 2025-12-03

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.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Montgomery City Council Organizational Meeting and Business Session Minutes 2025-12-03 (Minutes), 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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