Treasury's $1.48M Retirement Seminar Contract Awarded to Employee Benefit Advisors, Inc
Contract Overview
Contract Amount: $14,850 ($14.8K)
Contractor: Employee Benefit Advisors, Inc.
Awarding Agency: Department of the Treasury
Start Date: 2026-04-09
End Date: 2026-09-27
Contract Duration: 171 days
Daily Burn Rate: $87/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: PRE-RETIREMENT AND MID-CAREER RETIREMENT SEMINARS
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20001
Plain-Language Summary
Department of the Treasury obligated $14,850 to EMPLOYEE BENEFIT ADVISORS, INC. for work described as: PRE-RETIREMENT AND MID-CAREER RETIREMENT SEMINARS Key points: 1. The contract focuses on pre-retirement and mid-career retirement seminars. 2. Employee Benefit Advisors, Inc. is the sole awardee. 3. The contract falls under Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds. 4. The total award value is $1,485,000. 5. The contract duration is 171 days.
Value Assessment
Rating: fair
The award value of $1.48M for a 171-day seminar program appears high, especially considering the specific nature of the services. Benchmarking against similar employee benefit consulting or seminar contracts would be necessary for a definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition after exclusion of sources, indicating a competitive bidding process. This method should theoretically lead to fair market pricing, but the specific value needs further scrutiny.
Taxpayer Impact: Taxpayer funds are being used for employee retirement planning services. The value for money will depend on the effectiveness and reach of these seminars.
Public Impact
Federal employees will receive guidance on retirement planning. The contract aims to support employees in making informed financial decisions for their future. The services are provided by a single contractor, Employee Benefit Advisors, Inc.
Waste & Efficiency Indicators
Waste Risk Score: 87 / 10
Warning Flags
- High per-day cost potential
- Limited duration may impact comprehensive coverage
Positive Signals
- Competitive award process
- Focus on employee financial well-being
Sector Analysis
The contract falls under administrative and support services, specifically related to employee benefits and financial planning. Spending in this area is generally consistent with government efforts to support its workforce, but specific benchmarks for seminar services are not readily available.
Small Business Impact
The data does not indicate if small businesses were involved in the subcontracting or if the primary awardee is an SMB. Further investigation would be needed to assess small business participation.
Oversight & Accountability
The contract was awarded through a competitive process, suggesting some level of oversight. However, the specific metrics for evaluating the effectiveness of the seminars and the contractor's performance are not detailed in the provided data.
Related Government Programs
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
- Department of the Treasury Contracting
- Bureau of the Fiscal Service Programs
Risk Flags
- High potential cost per day
- Limited contract duration
- Lack of specific performance metrics provided
- Potential for low seminar attendance or impact
Tags
pharmacy-benefit-management-and-other-th, department-of-the-treasury, dc, delivery-order, under-100k
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $14,850 to EMPLOYEE BENEFIT ADVISORS, INC.. PRE-RETIREMENT AND MID-CAREER RETIREMENT SEMINARS
Who is the contractor on this award?
The obligated recipient is EMPLOYEE BENEFIT ADVISORS, INC..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Bureau of the Fiscal Service).
What is the total obligated amount?
The obligated amount is $14,850.
What is the period of performance?
Start: 2026-04-09. End: 2026-09-27.
What is the expected impact of these seminars on employee retirement readiness?
The expected impact is to improve federal employees' understanding of retirement options, financial planning strategies, and available benefits. This should lead to more informed decisions, potentially reducing future financial burdens on individuals and the government. Measuring this impact would require post-seminar surveys and long-term tracking of employee retirement outcomes.
What are the key risks associated with this contract?
Key risks include the potential for the seminars to be ineffective or poorly attended, leading to a poor return on investment for taxpayer funds. There's also a risk that the content may not be comprehensive enough to address the diverse needs of pre-retirement and mid-career employees. Contractor performance and adherence to the fixed-price contract terms are also potential risk areas.
How does this contract contribute to the overall effectiveness of federal employee benefits administration?
This contract contributes by providing specialized, focused training that complements broader benefits administration. By equipping employees with better financial literacy and retirement planning tools, it can enhance the perceived value of federal benefits and potentially improve employee retention and morale. Effective seminars can reduce the need for ad-hoc individual counseling later.
Industry Classification
NAICS: Finance and Insurance › Agencies, Brokerages, and Other Insurance Related Activities › Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
Product/Service Code: EDUCATION AND TRAINING › EDUCATION AND TRAINING SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 20340921R00004
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 5000 AUSTELL POWDER SPRINGS RD STE 110, AUSTELL, GA, 30106
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $14,850
Exercised Options: $14,850
Current Obligation: $14,850
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 20340921D00002
IDV Type: IDC
Timeline
Start Date: 2026-04-09
Current End Date: 2026-09-27
Potential End Date: 2026-09-27 00:00:00
Last Modified: 2026-04-09
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