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CB I Z Re s pon s e │ Pa g e 40
Voluntary Benefits:
Certain voluntary or 100% employee paid benefits such as accident, cancer, critical illness, identity theft, long-term
care, etc. have commissions built into the product structure. At CBIZ we believe in reinvesting these commission
dollars through “co-broker” partnerships thus resulting in enrollment, communication and administrative processes
at a subsidized cost. In the event there are commissions in excess of enrollment expenses, CBIZ will retain these
dollars.
It’s to VNAC’s financial advantage to compensate using commission; the great majority of compensation can be
compensated through Blue Cross.
Property & Casualty
CBIZ routinely works with clients similar in size on a fixed or graduated fee basis. Once we determine the scope of
services to be provided, we will propose either a one or three year, fixed fee arrangement that we believe is
consistent with the level of service required to help VNAC achieve an optimal result for its insurance and risk
management program. Our fee will be based on our experience in serving the needs of organizations like yours and
will contemplate a number of additional factors including:
The value we place on building a partnership with VNAC
Recognition that your reliance on our resources may be more acute in year one and will decline as our
proposed services are implemented over time
The number of loss control site visits, risk management services, and claim review meetings required
Whether it is a not-for-profit with multiple locations or a hospital system, we are capable of providing centralized
services. With our wide scope of services, we recommend that insurance/risk management services be coordinated
through one conduit.
Retirement Plan Services
We strive for full fee transparency and disclosure and therefore can work with VNAC to determine a mutually
agreeable flexible fee arrangement.
The CBIZ RPS fee policy entails full disclosure and transparency. CBIZ RPS clients have various options on the
payment of our fees, including periodic invoices, payment through plan assets or through the recordkeeper (flat fee
or % of assets). Regardless, all of our clients are aware of the amount of revenue that CBIZ RPS receives pursuant
to their retirement plan. Typically our fee is based upon frequency of plan sponsor meetings, employee meetings
and the range of services that are requested by the Plan Sponsor. A final proposed fee will be determined after we
have further discussions regarding the actual scope of service desired by VNA Corporation.