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RESOLUTION AUTHORIZING A NON-FAIR AND OPEN CONTRACT WITH SELECTIVE BENEFITS GROUP TO PROVIDE CONSULTING SERVICES FOR THE COUNTY OF PASSAIC VOLUNTARY EMPLOYEE DEFERRED COMPENSATION PLANS FOR CALENDAR YEAR 2027, PURSUANT TO N.J.S.A. 40A:11-5.
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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(1)(a)(i), any contract, the amount of which exceeds the bid threshold, may be negotiated and awarded by the Board without public advertising for bids and bidding therefor and shall be awarded by resolution of the Board if the subject matter of the contract is for professional services; and
WHEREAS, the County is in need of a consultant to provide services for the County’s Voluntary Deferred Compensation Plans, and the Chief Financial Officer is recommending the award of a contract to Selective Benefits Group, the County’s current consultant, to continue to provide such services to the County in calendar year 2027, for an amount not to exceed 1.375 basis points or fifteen thousand dollars ($15,000.00) per quarter, whichever is lesser; and
WHEREAS, the services from Selective Benefits Group come at no cost to the County, and are based upon savings achieved for employees and paid by the deferred compensation provider; and
WHEREAS, Selective Benefits Group has executed and notarized the County’s Business Entity Disclosure Certification for non-fair and open contracts required pursuant to N.J.S.A. 19:44A-20.8, which is attached to and made part of this Resolution; 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, this matter was discussed at the October 28, 2026 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 awards a non-fair and open contract to Selective Benefits Group to provide consulting services for the County’s Voluntary Deferred Compensation Plans in calendar year 2027, 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, the Clerk to the Board shall publish on the Public Notices page of the County’s website, 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, Chief Financial Officer, 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 November 16, 2026