Hilton Head Island, S.C., is searching for a bundled provider for its defined contribution and retirement health savings plans with $29.4 million in assets combined, said Nancy H. Gasen, director of human resources, in an e-mail.
The selected firm will provide administration, record keeping and participant education for Hilton Head Island’s two 401(k) plans with $22.5 million in assets combined, 457 plan with $4.9 million in assets, and retirement health savings plans with $2 million in assets combined.
The search is being conducted as a best practices measure. Incumbent provider ICMA-RC can rebid, Ms. Gasen wrote.
The RFP is available on the town’s website.
Proposals are due by 2 p.m. EDT on Aug. 26. A hiring decision is expected in November.
