RFP - HSA Services

Lincoln Electric System is seeking proposals for Health Savings Account (HSA) administrative services under solicitation number 095-26, with an open bidding period closing in 14 days, 14 hours, 52 minutes, and 24 seconds. The RFP, posted on July 29, 2026, requires submissions through the LES Online Procurement System no later than August 13, 2026, at 2:00 PM CST, with clarifications due by August 6, 2026. The contract entails providing full-service HSA administration for approximately 453 employee accounts, including account setup, contribution processing, investment management, online platform access, compliance oversight, and participant education, aligned with IRS and DOL regulations and implied HIPAA and Nebraska state requirements. Proposals must be submitted as a single combined PDF or ZIP file and include a completed Health Savings Account Services Fee Schedule and Questionnaire, though no specific page limits or file size restrictions are stated. The award will be made on a best-value basis, where price is a significant but not sole factor, and selections will prioritize compliance, responsibility, financial capability, and overall proposal quality. There are no federal FAR clauses, UEI or CAGE code requirements, socioeconomic certifications, or formal evaluation weights specified, reflecting a municipal procurement process rather than a federal one. Payment will be made within 30 days of invoice receipt via electronic submission through the LES portal; no paper invoices or federal accounting codes are required. All communications must be routed through the LES Procurement Department at procurementdept@les.com, with no designated contracting officer or technical representative named. Performance is centered at the LES Operations Center in Lincoln, Nebraska, with no FOB terms or physical delivery requirements, as services are administrative and digital in nature. The combined employer and employee HSA contributions in 2026 are estimated at $2.79 million, but vendor service fees are not yet defined, leaving the contract value unspecified until submissions are received.