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CBIZ RPS has received independent verification that its process meets best practices
through its CEFEX Investment Advisor Certification.
Participants:
CBIZ RPS knows that the ultimate goal of the plan is for each employee to
reach a financially secure retirement. To help educate and advise your employees, we
provide multiple avenues including printed materials, in-person consultations, and
technology-based solutions. As an independent Registered Investment Advisor, we are
able to offer your participants unbiased, conflict-free advice. Each year CBIZ RPS
undergoes a CEFEX PPA Audit. CBIZ Retirement Plan Services is one of few consultants
that serves as a fiduciary advisor which may enable the plan sponsor to meet the
requirements for safe harbor protection under the Pension Protection Act.
Retirement Plan Committee:
Managing fiduciary responsibility can be complex. CBIZ
RPS will guide you through a formal documented governance process that lowers
organizational risk. Our process formally delegates fiduciary duties from the Board of
Directors/Trustees to the Retirement Plan Committee, reducing risk and personal liability
across the organization. Our process includes fiduciary training to educate the
Committee members on their responsibilities.
Fees & Expenses:
CBIZ RPS periodically documents and benchmarks your plan’s fees
and expenses versus industry averages and alternate service providers. Our analysis
examines total plan costs including employee & employer paid fees and their various
administrative and investment components. The outcome is a competitively priced
retirement plan that is commensurate with the services provided.
Compliance and Administration:
CBIZ’s Retirement Plan Compliance Consultants act as
an extension of your team, steering you towards successful plan administration and
compliance. We ensure that all required filings and notices are successfully completed,
properly administered according to the plan document, and that the plan remains in
compliance. Our process helps you avoid costly fees and excise taxes that result from
non-compliance.
Mergers & Acquisitions, Conversions:
CBIZ RPS has significant experience and
expertise converting and merging retirement plans. Our process minimizes plan sponsor
anxiety and reduces the chance of error related to integrating plans or changing record
keepers. CBIZ RPS helps identify your goals and provides customized solutions. We drive
the process to ensure a successful transition and allow you to focus on your core
business.
Trustees, retirement plan committee members, and plan sponsors benefit from The Fiduciary Risk
Manager™ as it helps to lower risk and improve the fiduciary governance of their qualified retirement
plan programs. Plan participants and their beneficiaries benefit from The Fiduciary Risk Manager™
through our comprehensive suite of retirement planning tools and direct access to licensed financial
professionals for investment guidance.
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