Five companies have submitted tenders to act as service providers for the Mandatory Provident Fund (MPF) catering and construction industry schemes.
Mandatory Provident Fund Schemes Authority (MPFA) chairman Charles Lee Yeh-kwong did not identify the companies, which submitted applications before Tuesday's deadline.
However a market source said the five bidders were: HSBC; Bank Consortium Trust, owned by a 10-bank union; Australia-based CMG Asia; Bank of East Asia; and mainland-based China Life.
Mr Lee said a decision on the choice of providers would be announced by March.
MPF industry schemes designed for catering and construction have high intra-industry labour mobility.
Under normal MPF plans, employees will have to switch their MPF scheme provider when they join a new company.
However, under the industry schemes for the catering and construction sectors, employees will be allowed to keep their plans when they change jobs in the same sector, in a bid to reduce the portability costs they incur.