Searches and Hires

Hilton Head Island trawls for consultant for DC, retiree health plans

Hilton Head Island, S.C., is searching for a consultant for its 401(k) plan, 457(b) and retiree health savings plan, said Lisa Stauffer, senior human resources administrator.

The selected firm will provide investment and other consulting services.

The 401(k) and 457 plans have $34.3 million in assets combined; the health savings plan has $2.7 million.

The search is being conducted because the contract of current consultant AndCo Consulting expires in early December. AndCo is invited to rebid.

The RFP is available on the town's website. Proposals are due by 2 p.m. EST on Nov. 8. A hiring decision is expected some time before AndCo's contract expires.

Empower Retirement is record keeper for the 401(k) and 457 plans.