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-Bloomberg Terminal – Utilized for Quarterly Investment Due Diligence Reporting and
Economic Analysis
-FinaConnect, LLC. – Utilized for organization and aggregation of plan information for
quarterly Investment Monitoring Reports – Reporting CRM
These three applications are provided through national providers, however, they have been
customized to CBIZ RPS’ proprietary requirements.
The CBIZ RPS research and due diligence process is a multi-step approach that is designed to
identify and continuously monitor the top investment managers – defined as those managers that
can be expected to deliver consistent and sustainable excess returns over various market cycles.
Our size and scale allows us to have access to leading managers in the industry. On a regular basis,
our investment consultants meet with and interview managers.
2.
What methods and sources of data do you use in calculating investment performance of a
plan’s investments? Describe this process.
CBIZ Retirement Plan Services utilizes Morningstar Direct and our Bloomberg terminal for its
analytical database services to gather fund information to input into our proprietary Investment
Monitoring Report database created by FinaConnect, LLC. Upon each quarter end, the Investment
Consulting Team conducts underlying due-diligence on all investment offerings in our client’s
portfolios. From there, as noted in previous responses our due-diligence teams apply our Watch List
criteria to make a formal determination on the status of each option. From there, those investment
options that make our Watch List are provided a custom write-up and recommendation for client
Investment Meetings and documented in our Investment Monitoring Reports. Our Investment
Monitoring Reports are proprietary products of CBIZ RPS and are provided to clients at their chosen
Investment Review frequency.
CBIZ Retirement Plan Services believes consistent, long-term results are best achieved through a
rigorous and disciplined investment process. With this in mind, CBIZ RPS has developed our
proprietary Four Pillar Investment Process:
Investment menus should be “built for the masses” and prioritize simplicity while still
offering a wide variety of choice.
Defined contribution plans should offer actively managed, passively managed (index),
and target-date/risk-based investment options.
Investment management costs are a major predictor of long-term performance and
should be minimized to the extent possible.
Investment managers should be evaluated over full market cycles.
The CBIZ RPS research and due diligence process is a multi-step approach that is designed to
identify and continuously monitor the top investment managers – defined as those managers that
can be expected to deliver consistent and sustainable excess returns over various market cycles.
Our size and scale allows us to have access to leading managers in the industry. On a regular basis,
our investment consultants meet with and interview managers.
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