The Early Learning Coalition of Miami‑Dade/Monroe, Inc. issued a solicitation for 3(38) fiduciary services to manage its 401(k) plan (≈310 participants, $9 million in assets). After a competitive process, the contract was intended to be awarded to HrbRetirement. The procurement required vendors to submit background information, a description of fiduciary services, a compensation model, and sample reporting. No contract value or term was disclosed in the public documents.
• Scope: Fiduciary and financial‑advisory services for a $9 M 401(k) plan administered by John Hancock.
• Process: Open competition with a March 30, 2021 LOI deadline; evaluation concluded in April 2021; award resolution adopted May 3, 2021.
• Vendor selected: HrbRetirement (single‑award).