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SEC File No. 801-56332
March 30, 2017
Page 5 of 13
document, and that the plan remains in compliance. Our process is designed to help you avoid costly
fees and excise taxes that result from non-compliance.
M
ERGERS
&
A
CQUISITIONS
,
C
ONVERSIONS
:
CBIZ RPAS 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 RPAS helps identify
your goals and provides customized consultative solutions. We drive the process to ensure a
successful transition and allow you to focus on your organizational goals.
CBIZ RPAS’s services may also include: (i) preparing periodic investment reports and performance reports; (ii)
performing plan asset allocation forecasting; (iii) reviewing asset/liability strategies; (iv) conducting investment
oversight and monitoring; (v) constructing and monitoring asset allocation portfolios to provide each plan
participant with investment choices to meet his/her own objective and tolerance for risk; and (vi) conducting
ongoing benchmarking evaluations of the costs and available investment selections offered within the plan. CBIZ
RPAS can also provide your employees with participant questionnaires or other suitability materials to help the
employees assess their own tolerance for risk, and determine what their personal investment objectives are so that
they may be better prepared to make appropriate investment selections for their individual situations. Certain
CBIZ RPAS Consultants may meet with retirement plan participants to provide investment advice. In some
cases, such advice is extended through a proprietary computer modeling tool referred to as Passport that
recommends individual investment allocations based upon participant provided information.
Your CBIZ RPAS Consultant is expected to meet with the plan sponsor at least annually. During that meeting,
the plan sponsor will be given the opportunity to provide updated information regarding the financial condition of
the organization and/or the plan and discuss any changes that may be appropriate. Any change will be
documented and taken into consideration as CBIZ RPAS performs its various responsibilities. Plan sponsors are
encouraged to contact CBIZ RPAS if there are any questions about the quality or level of services being provided.
I
NSTITUTIONAL
I
NVESTMENT
M
ANAGEMENT
CBIZ RPAS offers a broad range of investment consulting services directly to institutional clients. Services
provided may range from a full service consulting relationship where CBIZ RPAS provides a broad range of
investment consulting services (such as investment policy design, asset allocation strategy, investment manager
screening, selection, monitoring and evaluation, and regular performance reporting), or CBIZ RPAS may provide
any of these services on a standalone basis.
Most institutional investment management services are provided on a non-discretionary basis. Occasionally we
may provide general corporate-related advice within the context of providing fee based investment advisory
consulting services. From time to time, CBIZ RPAS may also be requested to provide advice and
recommendation on matters not involving securities. Clients will retain discretion in all such situations.
CBIZ RPAS institutional investment management services normally follow an orderly progression of stages.
Typically, CBIZ RPAS (1) assists the client in evaluating their return objectives and tolerance for risk; (2)
develops an asset allocation strategy designed to optimize the client's objectives and risk characteristics; (3)
selects investment management organizations and/or mutual funds having specific style and performance
characteristics appropriate for the client's investment strategy and its situation; (4) combines those managers/funds
to achieve a desired portfolio structure; and (5) provides and interprets portfolio and manager performance reports
on a periodic basis (usually quarterly).
CBIZ RPAS offers advice on the allocation of some or all of the assets within a portfolio and on the selection of
outside investment managers, mutual funds, group trusts, limited partnerships (hedge funds, private equity, etc.)
and any investments. On a very limited basis, CBIZ RPAS may offer advice on specific securities if so requested
by clients, but generally does not.
CBIZM
ANAGED
S
OLUTIONS
CBIZ RPAS has entered into an agreement with National Financial Services, a Fidelity Company (“NFS”) and
Envestnet Asset Management, Inc. (“Envestnet”) to offer the CBIZ Managed Solutions
program (“CBIZ Managed
Solutions”). CBIZ Managed Solutions provides both retirement plan and individual client
’
s access to a wide range
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