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6.
Please indicate if your firm has any conflicts of interest or potential conflicts of interest
including, but not limited to:
Shared ownership or revenue sharing relationships with retirement plan service
providers
CBIZ RPS prefers a recordkeeper structure where excess investment revenue sharing is credited
back to a Revenue Credit Account/ERISA bucket to pay for approved qualified retirement plan
expenses and/or passed back to participants.
Shared ownership or revenue sharing relationships with investment managers or
managers of fund of fund products
CBIZ RPS does not accept revenue from investment managers, custodians, brokerage firms, trusts,
commission recapture firms and so on in the form of dues, finder’s fees, “soft dollars,” or charge for
conferences.
Direct or indirect compensation arrangement with investment managers.
CBIZ RPS does not accept revenue from investment managers, custodians, brokerage firms, trusts,
commission recapture firms and so on in the form of dues, finder’s fees, “soft dollars,” or charge for
conferences. CBIZ RPS prefers a direct compensation arrangement with the plan sponsor.
Selling of information or other services to investment managers with asset based fee
structures (i.e. investment decisions influenced to increase plan assets rather than
adhering to investment policy statements)
As noted above, CBIZ RPS does not accept this compensation structure and believes it to be a
conflict of interest.
Advisors dependent on brokerage trade commissions for all or part of their fees
CBIZ RPS does not accept revenue from investment managers, custodians, brokerage firms, trusts,
commission recapture firms and so on in the form of dues, finder’s fees, “soft dollars,” or charge for
conferences. CBIZ RPS prefers a direct compensation arrangement with the plan sponsor.
7.
How long have you been working with employer-sponsored retirement plans?
CBIZ Retirement Plan Services has been serving clients since October of 1998. Predecessor firms
acquired by CBIZ, Inc. that now make up CBIZ RPS have served clients for over 30 years.
Eric Endress (primary CBIZ RPS Team Lead) and the CBIZ RPS Services’ Team for Pike holds more
than 75 cumulative years of experience.
8.
As of January 1, 2017, total plans your firm is providing with ongoing services?
11