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Administrative Services Fee Renewal - Flexible Spending PlanTHE CITY OF DUB E Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager Dubuque 2007 SUBJECT: Administrative Services Fee Renewal for the Flexible Spending Plan DATE: December 6, 2008 Personnel Manager Randy Peck recommends City Council approval of the administrative services fee of Total Administrative Services Corporation (TASC), our flexible spending plan administrator, in the amount of $3.77 per month per participating employee, effective January 1, 2009 through December 31, 2009, and an annual enrollment fee of $350. I concur with the recommendation and respectfully request Mayor and City Council approval. Y - Mich el C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Randy Peck, Personnel Manager THE CITY QF ~ Dubuque ~T TTY ~ A1-AmedcaC~Y ~J j,J f Masterpiece an the Mississippi 2007 TO: Michael C. Van Milligen, City Manager FROM: Randy Peck, Personnel Manager SUBJECT: Administrative Services Fee Renewal for the Flexible Spending Plan DATE: December 1, 2008 received the renewal rates from Total Administrative Services Corporation (TASC), our administrator for the flexible spending plan. Effective January 1, 2009, their fee will increase from $3.65 per month per participating employee to $3.77 per month per participating employee, which is a 3.3% increase. Their current fee has been in effect since January 1, 2006. In addition, they are initiating an annual enrollment fee. The fee is $350. I believe their proposed rates are reasonable and recommend that we accept the renewal rates proposed by Total Administrative Services Corporation. The requested action is for the city Council to pass a motion approving the administrative services fee and annual enrollment fee presented by Total Administrative Services Corporation, our flexible spending plan administrator, effective January 1, 2009 through December 31, 2009. If you have any questions, please feel free to call. RP:sy 1'HE C11Y OF DUB E MEMORANDUM Masterpiece on the Mississippi November 19, 2008 TO: Randy Peck . Personnel Manager ~~ j FROM: Brenda Fuglsang ,,t Personnel Assistant ~-~ SUBJECT: TASC Administrative Fee Increase I received a telephone call from Rita Helle checking to make sure we received the information from TASC on their administrative fee increase. I shared with her that I had not received the notice so she forwarded the information to me. I have enclosed a copy for your review. Effective January 1, 2009, TASC will be increasing their administrative fee per participant by 3.3%. We currently pay $3.65 per participant and $1.60 per participant for the debit card fee. With the increase we will be paying $3.77 per participant. The fee for the debit card will remain the same at $1.60 per participant. In reviewing the notice it looks as though TASC will possibly increase fees each year. There will also be an Annual Enrollment Fee each year of $350, which replaces the fees that TASC charged employers each time they added a participant mid-year. The City has never incurred expenses for mid-year participation as when the City originally set up the agreement with TASC it was negotiated that the City would not incur the mid-year participant fee. According to Rita Helle, TASC will be setting an Annual Enrollment Fee for every employer. Employers with 100 or more participants will have a $350 enrollment fee. Please- let me know if you need any additional information. Thank you. Enclosure Dear FlexSystem Client; To make certain your experience as a FlexSystem Client, as well as your Participants' experience, is a very positive one, we continue to make significant investments in our infrastructure and systems to bring you the newest cutting edge tools and resources. To keep up with the increasing cost of technology and resources TASC has found it necessary to implement a slight annual increase of your FlexSystem Administration Plan Fees. Prior to implementing this change, we conducted a survey and more than 90% of surveyed Clients responded that they would prefer a small fee increase each year as opposed to a large fee increase every few years. Therefore, an annual fee increase will be calculated each year based on an average of the past three years of the Consumer Price Index (CPI) which is calculated by the U.S. Bureau of Labor Statistics. This average will be adjusted each year based on the previous three years. This year's increase will be 3.3%. To ensure the FlexSystem Plan remains competitively priced, TASC will review fee increases every three years and make corrections to stay within market guidelines. Your Per Participant Fee and/or Annual Flat Fee will increase each year by this percentage. To determine what your new fees will be simply calculate your current fee by 3.3%. Keep in mind that the administrative Per Participant Fee and/or Annual Flat Fee is separate and apart from any additional feature fees, such as the Claim Card or HSA which will not be receiving an increase. Another change you will notice on your next Administration Plan Fee invoice is that it has been simplified to include your Claim Card fees (if applicable). Now, instead of receiving two separate invoices (one for Plan Administration Fees and one for Claim Card Fees) you will receive one itemized FlexSystem invoice. This eliminates paper and saves time for both you and TASC. Lastly, we have eliminated our Per Participant Enrollment Fee. Remember those small dollar amount invoices you would receive each time you enrolled a new employee? Those are now gone and have been replaced with one easy to manage Annual Enrollment Flat Fee. This reasonable once-a-year fee eliminates the hassles of managing those pesky little invoices; now you will pay only an annual fee at re-enrollment. You will see this fee as an itemized line item on your Plan Renewal invoice. Depending on your participation history the new annual fee structure may potentially save you money over the small individual invoices. It will certainly save you time and energy. TASC has made the changes outlined above in order to continue to serve you at the high level to which you have become accustomed, and now we bring you more convenience by simplifying our fees and eliminating invoices for you. For instance, if you pay annually you will only receive one invoice from TASC all year! It just makes sense. And -even better - if you sign-up for our electronic E-Pay system you won't even receive an invoice, we'll just let you know seven days in advance of your Plan Start Date that we've debited your account for the total invoice amount. It really is that easy! As mentioned above, TASC is diligent about bringing you the best technological and electronic methods of managing your employee benefits. Check out a list of some of the beneficial features already available! • ACH payment of payroll contributions • Online employee enrollment • Web chat • Participant email notifications regarding their FlexSystem transactions (new!) • Participant ability to elect Direct Deposit right online (new!) And even more coming to your desktop very soon • Participant cell phone text notifications regarding their FlexSystem transactions • One simplified invoice • Payroll report upload and download via spreadsheet • Continued advancement on all fronts In order to help you keep abreast of all the changes going on at TASC, we have created the TASC Tracker website. This website contains continuous updates regarding news about our products and services. Visit www.tasconline.com/groupclientnews to check it out! Click on the `About' page to learn how to set up a Google Alert so you can be notified when something new is added to this web page. To learn more contact our Customer Service Department (at 1-800-422-4661 or via a-mail at service(a~tasconline.com). ay We value your business and thank you for the continued opportunity to serve you as your FSA/Cafeteria Plan partner. Thank you! FlexSystem