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This proprietary process developed by CBIZ is designed to help plan sponsors
increase the probability of their participants meeting their retirement goals,
while lowering their personal and financial risks associated with the management
of the plan.
RISK MANAGER™
the CBIZ Six Primary Risk Areas
of Plan Fiduciaries
Fees & Expenses
Compliance/Actuarial
Investments
Mergers & Acquisitions,
Conversions
Participants
Fiduciary Governance
CBIZ
Retirement
Plan Services
Securities and Investment Advisory Services offered through CBIZ Financial Solutions, Inc. • Member FINRA, SIPC and Registered Investment Adviser
6050 Oak Tree Blvd. S., Suite 500 • Cleveland, OH 44131 • (866) 560-2431
Provided to highlight the benefits of
The CBIZ Fiduciary Risk Manager™
CBIZ Case Study
Client Profile Outcome
• Project administrative costs to be
lowered by $235,000 over 5 years
• Resulted in greatly enhances
communications and seamless delivery
between client, recordkeeper and advisor
• New fee structure provided institution
and fiduciary control over plan dollars in
the future
• Fiduciary piece of mind that all fee scenarios
were fully vetted and most appropriate fee
protocol was implemented
• More equitable allocation of revenue
sharing to reduce perceived subsidy of
some participants by others
Executive Summary
CBIZ assisted the client in the
following ways:
• Negotiated with recordkeeper
for fees/expenses for change
from asset based to fixed per
participant based
• Extensive consulting with client
regarding per capita vs. pro rata
fee strategies
• Recommended asset share
class changes that reduced fund
expense ratios
• Negotiated with recordkeeper for
revenue sharing to be reallocated
back to participant accounts
Client
Publicly traded
Fortune 500 company
Number of
participants
6,481
Type of plan(s)
401(k)
Previous provider
Wells Fargo
New provider
Wells Fargo
CBIZ helps publicly traded company
cut retirement costs by 11%
CBIZ assisted the client with improving the probability of their
employees meeting their retirement plan goals, lowering the personal
liability and financial risks of the fiduciaries and the organization by
utilizing the process designed within the CBIZ Fiduciary Risk Manager.™
To learn how The CBIZ Fiduciary Risk Manager™
can help you or your clients, please contact us at
or (866) 560-2431.
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