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State Contract Reporting System

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: TR238

Long Title: TPA Services for the State of Florida Deferred Comp Plan

Vendor Name: FIS CAPITAL MARKETS US LLC

Total Contract Amount: $2,370,000.00

Total Budgetary Amount: $2,370,000.00

Total Payment To Date: $2,271,981.04

Date of Execution: 08/05/2022

General Description: Recordkeeping and data transmission services for the Deferred Compensation 457(b) Plan (DCP or Plan). The application provided by the Contractor (a Third-Party Administrator or TPA) acts as an information hub to store all DCP participant demographic, financial, and investment data. The TPA also provides a platform to view and make changes to the data and produce and transmit files and reports between the three Investment Providers, 17 pay centers, and the Bureau of Deferred Compensation (BDC).

Main Information

Agency Contract ID: TR238

FLAIR Contract ID: D1754

Short Title: TPA Svcs

Long Title: TPA Services for the State of Florida Deferred Comp Plan

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Active

Date of Execution: 08/05/2022

Date of Beginning: 08/08/2022

Original End Date: 08/07/2027

New Ending Date:

Agency Service Area: TR

Statutory Authority: 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: No

Method of Procurement: Single source over Category Two [s. 287.057(3)(c), F.S] & [Rule 60A-1.045, F.A.C.]

State Term Contract ID:

Contract’s Exemption Justification: Single source

Agency Reference Number: 2122-07 SS TR

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: $2,370,000.00

Total Contract Amount: $2,370,000.00

Total Recurring Budgetary Amount: $2,370,000.00

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $2,370,000.00

Total Unfunded Amount: $0.00

As of Date: 9/8/2022

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$2,370,000.00 43-20-2-725001-43100400-00-100868-00 08/05/2022 2022-2023


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
Amendment $0.00 A1 Date Correction 09/28/2022 09/28/2022

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
FIS CAPITAL MARKETS US LLC JACKSONVILLE FL 322040000 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
     
 Software TPA Services: total number of participant accounts is 115,000 or below = $39,500.00 / month; total n... Fixed Fee / Unit Rate
     
 Payroll accounting services Enhanced Services: Additional manual TPA system work = $110.00 / hour; name changes = $1,000.00 / n... Fixed Fee / Unit Rate
     
 Education and Training Services Training and exit transition services: training services provided to the Department's staff = $110/h... Fixed Fee / Unit Rate
     
 Administrative procedures or services Regulatory audit services: as needed; $110 / hour Fixed Fee / Unit Rate
 Displaying 1 to 4 of 4    


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
     
 2025-2026 $671,934.55
     
 2024-2025 $535,200.80
     
 2023-2024 $639,265.13
     
 2022-2023 $425,580.56

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 - D1754 08/05/2022 9/8/2022 12:59:48 PM
Procurement Original Contract - D1754 9/8/2022 1:05:17 PM
Amendment A1 09/28/2022 9/28/2022 12:20:31 PM


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.

  • No audits have been conducted on this contract at this time.
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