Essentia Health, Duluth, Minn., is conducting an invitation-only search for an investment consultant for its $1.1 billion 401(k) plan and $98.3 million 403(b) plan, said Joshua T. Elleson, program manager, retirement plans, in an e-mail.
Mr. Elleson declined to provide information on the reason for the search and the current consultant. The current consultant has not been invited to rebid, Mr. Elleson wrote. He did not provide additional information.
The invitation-only search is being conducted using InHub’s eRFP tool.
Proposals are due by Sept. 23. Finalists are expected to be selected in late September. A final hiring date was not disclosed.