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RESOLUTION QUALIFYING AND AUTHORIZING AN AWARD OF CONTRACT TO SELECTIVE BENEFITS GROUP TO PROVIDE CONSULTING SERVICES FOR THE COUNTY OF PASSAIC VOLUNTARY EMPLOYEE DEFERRED COMPENSATION PLANS FOR CALENDAR YEAR 2026, PURSUANT TO N.J.S.A. 40A:11-5, ET SEQ. AND RFQ-26-012
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WHEREAS, the County of Passaic (hereafter “County”) is a body politic and corporate pursuant to N.J.S.A. 40:18-1 and vested with all rights contained therein; and
WHEREAS, pursuant to N.J.S.A. 40:20-1, the Board of County Commissioners of the County of Passaic (hereafter “Board”) is vested with managing the property, finances, and affairs of the County; and
WHEREAS, pursuant to N.J.S.A. 40A:11-5, et seq., the Purchasing Agent issued RFQ-26-012,
Consulting Services for Voluntary Employee Deferred Compensation Plans of the County of Passaic Calendar Year 2026 (hereafter “RFQ-26-012”), seeking qualified respondents to provide professional consulting services for the County’s Voluntary Deferred Compensation Plans in calendar year 2026; and
WHEREAS, only Selective Consulting Group submitted a responsive proposal to RFQ-26-012, as evidenced by the tally sheet, attached hereto and made part of this Resolution; and
WHEREAS, after review of Selective Benefits Group’s proposal, the Chief Financial Officer is recommending to qualify and award a contract to Selective Benefits Groups to provide consulting services for the County’s Voluntary Deferred Compensation Plans in calendar year 2026, in an amount not to exceed 1.375 basis points or fifteen thousand dollars ($15,000.00) per quarter, whichever is lesser; and
WHEREAS, pursuant to N.J.S.A. 19:44A-20.4, this contract is being awarded under a fair and open procurement process, which requires that a contract be: publicly advertised in sufficient time to give notice in advance of the contract; awarded under a process that provides for public solicitation of proposals or qualifications; awarded and disclosed under criteria established in writing by the public entity prior to the solicitation of proposals or qualifications; and publicly opened and announced when awarded; and
WHEREAS, pursuant to N.J.S.A. 52:32-60-1, et seq., Selective Benefits Group executed the Non-Involvement in Prohibited Activities in Russia or Belarus Certification, attached hereto and made part of this Resolution, certifying that it is not involved in prohibited activities in Russia and Belarus, and the County confirmed that Selective Benefits Group is not identified on the Specially Designated Nationals and Blocked Persons list created by the Office of Foreign Assets Control; and
WHEREAS, the services from Selective Benefits Group come at no cost to the County, and are based upon savings achieved and paid by the deferred compensation provider; and
WHEREAS, this matter was discussed at the September 10, 2025 Administration and Finance Committee meeting, and is being recommended to the Board for approval.
NOW, THEREFORE, LET IT BE RESOLVED, pursuant to N.J.S.A. 40A:11-5(1)(a)(i), the Board of County Commissioners of the County of Passaic qualifies and awards a contract to Selective Benefits Group to provide consulting services for the County’s Voluntary Deferred Compensation Plans in calendar year 2026, in an amount not to exceed 1.375 basis points or fifteen thousand dollars ($15,000.00) per quarter, whichever is lesser.
LET IT BE FURTHER RESOLVED, that the Clerk to the Board shall print, in the official newspaper, a brief notice stating the nature, duration, service, and amount of the contract awarded to Selective Benefits Group and maintain a copy of this Resolution on file and available for public inspection in the Office of the Clerk to the Board.
LET IT BE FURTHER RESOLVED, that the Clerk to the Board, County Counsel, and Director of the Board are authorized to take any steps necessary to carry out the purpose of this Resolution, including executing a contract with Selective Benefits Group.
NB September 30, 2025