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<br />compliance issues, employee benefit surveys, online employee resources, education, and . <br />wellness initiatives. The various brokers all offered different levels of services. Some offered <br />more than others. The selection of broker we have made is based upon the number and quality <br />of services and resources they offer, the quality of the presentation, the experience, background, <br />and depth of staff, and references. There were many good brokers that we met with, and staff <br />feels several would represent us well. However, at this time staff believes that Financial <br />Concepts is the best fit to the City of Arden Hills. <br /> <br />All of the services offered by the broker are included in the commission fees paid to them. Since <br />the City of Arden Hills is considered a small organization (fewer than 50 employees), <br />compensation is set per the carrier's standard commission agreement. (Any broker that the City <br />selects will be paid on a commission basis. In addition, if we choose to deal directly with the <br />insurance providers and not work through an insurance broker, the City's insurance premiums <br />would not decrease as a result.) Brokers are paid on the basis of insurance premiums paid <br />through the City. The City of Arden Hills currently operates in this manner and therefore will <br />not experience any financial impact or change in terms of how the new broker would be <br />compensated, Staff is also hopeful that the new broker will be able to help us find new ways to <br />reduce our claim totals, monthly premiums, and possibly save the City money in the future, <br /> <br />Reference Checks <br />City staff recently contacted the Cities of Champlin, Maplewood, and Roseville regarding the <br />services provided by Financial Concepts, Inc. The contact person at each of the three <br />municipalities ranked Financial Concepts, Inc. very high and would highly recommend this <br />company to the City of Arden Hills. For your review, copies of the e-mailed references from the <br />three respective cities are attached, <br /> <br />. <br /> <br />Recommendation <br />Staff recommends City Council approval of Financial Concepts, Inc, as the City of Arden Hills <br />Health/Insurance Broker. <br /> <br />Attachments. <br />List of Interviewed Insurance Brokers <br />II Financial Concepts, Inc. Reference Checks <br />.. Request fOT Proposal Response from Financial Concepts, Inc. <br />. Health and Welfare Service Agreement between the City of Arden Hills and Financial Concepts <br /> <br />. <br />