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CB I Z Re s pon s e │ Pa g e 31
A.
When was the last time I reviewed my plan document to see
that I am following the provisions stated in the document and that my
plan is up to date with regulatory amendments? Failure to comply with
the terms of the plan will result in an operational failure that requires a
correction to the plan.
B.
Are each of the components of compensation flowing through
your payroll treated correctly under both the terms of the plan and the
IRS rules? Compensation issues are not usually caught by your
recordkeeper and can continue for years leading to liability for incorrect
contributions and potential loss of tax-qualified status.
C.
Are the plan contributions being deposited in accordance with
the Department of Labor (DOL) guidelines and in accordance with the
Plan Document? Failure to remit participant deferral in a timely manner
as described by the DOL can result in a costly error. It is also important
to review the timing of submitting employer contribution.
CBIZ RPS’ Retirement Plan Compliance Consultants act as an extension of your team, steering you towards
successful plan administration and compliance. We ensure that all required filings and notices are successfully
completed, properly administered according to the plan document, and that the plan remains in compliance. Our
process helps you avoid costly fees and excise taxes that result from non-compliance.
8. Describe your firm’s philosophy around wellness as a component of a healthcare plan and
healthcare strategy. How do you use data to drive toward decisions? Please provide a
sample wellness program evaluation/scorecard.
CBIZ is a national leader in developing and implementing population health management, including wellness, health
and productivity and wellbeing strategies. CBIZ Wellbeing Solutions guides organizations in creating a thriving
workplace culture characterized by high employee wellbeing, high engagement and low risk. We take time to
understand the culture, needs and priorities of each employer, then co-design a multi-year wellbeing strategy.
Using the following six key components as a framework for strategy development, our experts collaborate with
clients to advance their population health management initiatives and drive tangible results.
CBIZ believes wellbeing and claim prevention are essential to controlling cost of health, pharmacy and prescription
drugs. The processes and leadership role we take will make implementation in incremental stages feasible for HR
and senior leadership.