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  2. Finance Committee - Agenda - 1/6/2021 - P115

Finance Committee - Agenda - 1/6/2021 - P115

By dnadmin on Mon, 11/07/2022 - 13:49
Document Date
Thu, 12/31/2020 - 13:35
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 01/06/2021 - 00:00
Page Number
115
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__010620…

EXHIBIT A
TO
AGREEMENT WITH

City of Nashua

This Exhibit is Effective December 8, 2020
COMPENSATION
PDA’s compensation for the services provided pursuant to the Agreement shall be as follows:

Dependent Eligibility Verification

The fee for the initial Dependent Eligibility Verification will be $8.41 per Dependent. This fee will be
calculated based on the number of dependents identified by Plan Sponsor at the outset of the engagement.
If, during the course of the verification, the number of dependents is found to be different than what was
originally described, subsequent invoices will include a true-up.

This fee will be invoiced in three equal installments. The first installment will be due upon execution of
the Agreement, the second will be due at the time of the first mailing, and the third will be due on the date
of the final mailing.

The Dependent Eligibility Verification fee is all inclusive of the obligations, deliverables, and tasks
described in Sections 1.01 and 2.01. If additional services, deliverables, or tasks are requested by the Plan
during the term of the agreement, both Parties will agree in writing via a signed change order.

PERFORMANCE GUARANTEES

3:1 Return on Investment Guarantee. Part D Advisors guarantees a 3:1 Return on Investment for Plan
Sponsor. If the number of dependents identified as ineligible is fewer than 28 dependents (equivalent to a
savings of three times the Dependent Eligibility Verification fee), Part D Advisors will forfeit 10% of the
fee.

Successful Response Rate Guarantee. Part D Advisors guarantees at least a 90% employee response rate
for Plan Sponsor’s Dependent Eligibility Verification project. If this performance standard is not met, Part
D Advisors will forfeit to Plan Sponsor 5% of the fee (net of postage and printing costs).

GENERAL PROVISIONS
Delinquent Accounts. Accounts and invoices not paid by the later of the end of the month, or within 30

days of billing, are considered delinquent and are subject to a monthly service charge of 1.5 percent
(1.5%) of the delinquent amount.

City of Nashua 6 DEV SA Revised January 2020

Page Image
Finance Committee - Agenda - 1/6/2021 - P115

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