BrightPlan — Employee financial wellness
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AI Contract Overview
Sourcewell contract 031623 establishes a cooperative purchasing agreement with BrightPlan, LLC to provide Employee Financial Wellness Programming and Related Employer-Sponsored Financial Solutions to participating public entities across the United States and Canada. The contract was awarded following a competitive solicitation process that opened on January 26, 2023, and concluded with a board-approved award on May 12, 2023. The agreement is set for a four-year term with a possible one-year extension, officially expiring on May 29, 2027. BrightPlan provides a hybrid financial wellness solution combining a digital platform with human fiduciary expertise. Their offering is structured around four primary pillars: Learn, Plan, Invest, and Manage, and includes features such as the BrightPlan Academy, a digital financial wellness coach, and access to Certified Financial Planning professionals for employees and their households. The pricing model for these services is established at a per-employee monthly fee of 3.47 dollars, covering webinars, educational resources, and fiduciary advisor access.
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