Additionally, all vendors were required to provide full fee disclosure. What did Best in Class companies promise to do?
• Certify that the plan proposed for IBC is the best it currently offers in any Florida K-12 district. • Offer favorable rates to all districts regardless of their size. • Automatically upgrade plans when newer, more enhanced products become available. • Ensure that its representatives agree to sell only the product bid for the Model Plan (no bait and switch). • Provide a detailed plan to convert its existing contracts to the Model Plan, thereby creating immediate benefits for their current participants. • Reduce its fees to all adopting school districts as statewide assets under the Model Plan grow. • Guarantee rates for three years. IBC’s consultants will review financial data from years one through three and, if they find that a company’s proposed fees for subsequent years are excessive, may eliminate them from the Model Plan. How will the Model Plan benefit employees of the 67 school districts? This is the first significant statewide reduction in pricing since 403bs were establishe
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- Additionally, all vendors were required to provide full fee disclosure. What did Best in Class companies promise to do?
