Pike RFP

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Pike Enterprises, LLC.
SCOPE OF SERVICES
1. CBIZ RPS Fiduciary Services
The 3(21) Fiduciary Registered Investment Advisory (RIA) SolutionTM
 Recognize in writing fiduciary responsibilities relating to the selection, monitoring and
replacement of the investment options in the plan
 Develop recommended investment options menu (recommended portfolio)
 Prepare semi-annual investment due diligence reports and present to the retirement plan
committee (in person and/or via conference call) which includes:
 Market Commentary (review of economy & financial markets)
 Holdings Allocation
 Style Allocation
 Comparative Fund Performance (Benchmarking)
 Fund-specific Commentary/Recommendations
 Maintenance of investment option “watch list” for funds that violate the CBIZ due
diligence criteria
 Prepare investment detail report summarizing analysis of alternatives to funds recommended for
replacement
 Periodic review of appropriateness of qualified default investment alternative (QDIA)
 Periodic comprehensive Investment Assessment covering:
 Diversified asset class coverage
 Unsuitable asset class inclusion
 Asset class overlap
 Number of investment options
 Provide periodic Target Date EvaluatorTM, a comprehensive process that guides a Plan Sponsor to
the appropriate target date fund series given plan demographics, participant behavior, and Client
goals
The Participant SolutionTM
 Publish and distribute quarterly CBIZ's participant newsletter “Retirement Matters” which includes
the following for employees:
 Economics updates
 Prudent investment strategies
 Toll-free phone number and email address to contact a CBIZ advisor to review the
employee's retirement plan investments and provide investment advice
 Development of annual education/communication plan and calendar
 Coordination with service provider/recordkeeper
 Assist Client with defining measurable objectives
 Periodically evaluate professionally managed account solution
 Annual delivery of The CBIZ Plan Health AssessmentTM
 Ongoing monitoring and benchmarking of plan participation rate, average deferral rate,
and diversification metrics
 Recommend solutions to improve plan health and coordinate implementation with
recordkeeper
 Request Income Replacement Analysis from recordkeeper; deliver to Client and discuss
findings and recommendations
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