Strategic Benefits Plan Design & Financial Modeling

The City of Canton is seeking a contractor to conduct a full audit of its current insurance programs with the goal of evaluating the effectiveness of self-insured versus fully-insured funding models. The engagement requires a detailed analysis of existing benefit structures, financial sustainability, and risk exposure, followed by the development of actionable recommendations to optimize cost efficiency and employee outcomes. This includes designing innovative plan structures, proposing strategic contribution methods for both the city and employees, integrating wellness initiatives that promote long-term health, and implementing targeted cost-containment measures to reduce overall expenditure without compromising coverage quality. The contractor must possess expertise in benefits consulting and financial modeling, applying data-driven insights to inform decision-making and demonstrate measurable financial impact. The work will be performed under a subcontract arrangement with a North American Industry Classification System code of 541611, indicating professional services in management consulting. Proposals are due by July 24, 2026, and the solicitation was posted on June 29, 2026, with no set-aside preferences specified. All work is expected to align with the City of Canton’s objectives for sustainable, equitable, and fiscally responsible employee benefits administration.