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Florida Department of Financial Services: F.A.C.T.S

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Contract Information

 

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES

Agency Contract ID: TR144

Long Title: Record Keeper

Vendor Name: FIS BUSINESS SYSTEMS INC

Total Contract Amount: $0.00

Total Budgetary Amount: $3,699,300.00

Total Payment To Date: $2,694,386.61

Date of Execution: 02/08/2011

General Description: No cost to the State-funded by participants in the Deferred Comp Plan. The vendor is the recordskeeper of the plan that is the hub of participant data from all of the investment vendors on a daily basis.

Main Information

Agency Contract ID: TR144

FLAIR Contract ID: D0576

Short Title: Record

Long Title: Record Keeper

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 02/08/2011

Date of Beginning: 02/08/2011

Original End Date: 02/07/2016

New Ending Date: 08/07/2019

Agency Service Area: TR

Statutory Authority: F.S. 112.215

Contract Involves State or Federal Financial Assistance: No

Recipient Type:

Provide for Administrative Cost: No

Provide for Periodic Increase: No

Procurement Information

Authorized Advanced Payment: Yes

Method of Procurement: Agency Request For Proposals [s. 287.057(1)(b), F.S.]

State Term Contract ID:

Contract’s Exemption Justification:

Agency Reference Number: DFS TR RFP10/11-04

Business Case Study Done: No

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: No

Was the Contracted Function Considered for Insourcing back to the State: No

Did the Vendor Make Capital Improvements on State Property: No

Budget Information

Original Contract Amount: $0.00

Total Contract Amount: $0.00

Total Recurring Budgetary Amount: $3,699,300.00

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $3,699,300.00

Total Unfunded Amount: ($3,699,300.00)

As of Date: 1/27/2016

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$340,200.00 43-20-2-725001-43100400-00-100868-00 07/01/2018 2018-2019
$340,200.00 43-20-2-725001-43100400-00-100868-00 07/01/2017 2017-2018
$340,200.00 43-20-2-725001-43100400-00-100868-00 07/01/2016 2016-2017
$340,200.00 43-20-2-725001-43100400-00-100868-00 01/20/2016 2015-2016
$445,000.00 43-20-2-725001-43100400-00-100868-00 07/01/2015 2015-2016
$381,500.00 43-20-2-725001-43100400-00-100868-00 07/01/2014 2014-2015
$378,000.00 43-20-2-725001-43100400-00-100868-00 07/01/2013 2013-2014
$378,000.00 43-20-2-725001-43100400-00-100868-00 07/01/2012 2012-2013
$378,000.00 43-20-2-725001-43100400-00-100868-00 02/08/2012 2011-2012
$378,000.00 43-20-2-725001-43100400-00-100868-00 02/08/2011 2010-2011


No Non-Recurring Budgetary records found for this contract.

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Extension $0.00 E1 A3E1 02/08/2019 11/20/2018 08/07/2019
Amendment $0.00 A2 Vendor change of name and FEID 11/01/2016 11/01/2016
Renewal $0.00 R1 Renewal 02/09/2016 01/20/2016 02/08/2019
Amendment $0.00 A1 Pricing and Fees Structure 02/09/2016 01/20/2016 02/08/2019

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
FIS BUSINESS SYSTEMS INC BIRMINGHAM AL 352424812 Non-Minority

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.
More Deliverable Number      Commodity/Service Type Major Deliverable Method of Payment
     
Investment advice Implementation of Roth IRA into Plan Investment Portfolio: IRC regulations are potentially being ch... Fixed Fee / Unit Rate
     
Investment advice Pricing Assumptions: These charges assume that all print resulting from processing will be made ava... Fixed Fee / Unit Rate
     
Investment advice The Fees below are for the term of the State of Florida Record Keeper Contract and all renewals. Re... Fixed Fee / Unit Rate
     
Investment advice "Renewal Implementation of Roth IRA into Plan Investment Portfolio: IRC regulations are potentiall... Fixed Fee / Unit Rate
     
Investment advice Renewal The pricing and Fees below are for the term of the State of Florida Record Keeper renewal. ... Fixed Fee / Unit Rate
     
Investment advice Enhanced Services:40 hours per month of manual Third Party Administrator services above the manual T... Fixed Fee / Unit Rate
     
Investment advice Renewal Investment Product Changes: Contractor will implement up to ten (1 0) investment product c... Fixed Fee / Unit Rate
     
Investment advice Investment Product Changes: Contractor will implement up to ten (1 0) investment product changes pe... Fixed Fee / Unit Rate
     
Investment advice SunGardContractor will implement additional non-centralized pay centers based upon the required cri... Fixed Fee / Unit Rate
     
Investment advice Renewal Additional Services: A rate of $100 per hour shall apply during the term of the Contract a... Fixed Fee / Unit Rate
     
Investment advice Additional Services: A rate of $150 per hour shall apply during the term of the Contract and potent... Fixed Fee / Unit Rate
     
Investment advice Renewal SunGard Contractor will implement additional non-centralized pay centers based upon the req... Fixed Fee / Unit Rate
     
Investment advice Renewal Pricing Assumptions: These charges assume that all print resulting from processing will be... Fixed Fee / Unit Rate
 Displaying 1 to 13 of 13    


Payments are also referred to as expenditures (creating or incurring a legal obligation to disburse money) or disbursements (the payment of expenditures). Payments include disbursements and accounting adjustments made on a contract. Payments are always positive amounts while accounting adjustments may be positive or negative depending on the type of adjustment.

Payment Details

"Date" in the listing below indicates the date the payment voucher was recorded in the system, not the date the payment was issued.
More Fiscal Year Total Amount
     
2019-2020 $37,096.61
     
2018-2019 $340,200.00
     
2017-2018 $346,485.00
     
2016-2017 $359,200.00
     
2015-2016 $405,497.00
     
2014-2015 $392,035.00
     
2013-2014 $405,685.00
     
2012-2013 $408,188.00

If a payment or adjustment to a contract was made before July 1, 2012, the information may not be posted in this system.

Contract Documents


Click on the pdf icon or Agency Document Link to view the document
Document Type Document Reference # Executed Date Document Add Date Agency Document Link View
Original Contract Original Contract - D0576 02/08/2011 9/19/2013 1:18:24 PM
Amendment A1 01/20/2016 1/28/2016 8:44:39 AM
Amendment A2 11/01/2016 12/9/2016 8:57:56 AM
Extension E1 11/20/2018 12/3/2018 1:16:40 PM
Renewal R1 01/20/2016 1/28/2016 8:44:04 AM


Audit results posted prior to June 30, 2012, appear in a summarized form. As of July 1, 2012, the audit reporting process was expanded to include additional questions and comments from the Bureau of Auditing. As audits are captured in electronic format, they will be posted to this system. If you are interested in seeing audit reports by Fiscal Year and Agency Action Plans, please click here to navigate to the Transparency Florida Contract Audit page.
Audit Type Review Date Fiscal Year View
Expanded Audit of Payment 03/07/2018 2017-2018 View
Contract Review 02/22/2018 2017-2018 View
Contract Review 05/15/2012 2011-2012 View
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