Pike RFP

(3)

– Committee Support

16. Describe the services provided to the Committee on a group and individual basis.

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, 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.

Initially, CBIZ RPS will review and establish a Committee Charter/By-Laws ensuring that the proper

hierarchy delegation of responsibilities from the President, to the Board of Trustees, then finally to

the subset Finance, Investment or Retirement Plan Services has been established and completed.

Additionally, CBIZ RPS will also review and consult on the current Investment Policy Statement as

noted in previous responses. CBIZ RPS will review all fiduciary governance documents and maintain

them on an annual basis. In addition, on an annual basis or as needed, CBIZ RPS will also provide

pertinent topics for discussion, updates on recent developments (Example – Lawsuits, Market

Developments) in the corporate space to ensure compliance or recommend updates, as appropriate.

CBIZ Retirement Plan Services’ compliance offering is a key differentiator between our team’s

services and competitors.

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Fiduciary Training – Team of AIF’s (Accredited Investment Fiduciaries®) in association

with the Center of Fiduciary Studies. CBIZ Retirement Plan Services also has

representation on the IFLC (Investment Fiduciary Leadership Council) board. IFLC's

members include service providers that offer investment advice, investment

management, or administration services to pension plans and non-profit foundations.

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Compliance Training – Team of TGPC’s, QKA’s and QPA’s. TGPC’s are credentialed

members are retirement plan professionals who work primarily with 403(b) plans and

QKA’s & QPA’s are credentialed members are professionals who are qualified to perform

the technical and administrative functions of qualified 403(b) plan administration

All of the available services and tools help Pike create modify and maintain a program that is

managed in adherence to industry regulations, benchmarked relative to the industry and peers and

that faculty and staff can be motivated to join to help them achieve their retirement goals.

17. How often do you meet with the Committee? Please provide an example of the standard

and ad hoc reporting provided to a qualified defined contribution plan investment

committee during the finalist interview.

To assist with initial implementation, onboarding, and the establishment of fiduciary governance

groundwork, CBIZ RPS is proposing quarterly meetings in Year 1 and semi-annual meetings with the

Committee in Year 2 & ongoing. We are flexible to meet the needs of your organization.