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E x h i b i t s │ Pa g e 56
e.
Fee and Expense Documentation
Provide a review of and evaluate the current fees and expenses of all current service providers (i.e.
vendor, third party administrator, consultant, and investment managers)
Prepare periodic benchmarking of service provider fees for fiduciary file
Prepare periodic comparison of the total plan expense to industry averages for plans of similar size
and/or alternative service providers
Request and provide annual fee disclosure from service providers
f.
Vendor Interface
Intermediary with Plan Sponsor and Vendor providing guidance relating to situational issues and
problem resolution
Coordinate services, reports and servicing calendar with Vendor
Draft a contact list of service providers relating to retirement plan(s)
g.
RFP Services
Prepare and distribute a Request for Proposal
Receive, analyze and condense the responses received from proposed vendors
Present RFP report to Committee
Provide guidance and expertise of the RFP process, the responses and the fee structure to the
Committee
Coordinate finalist interviews
Provide guidance and expertise in the RFP grading and elimination process, based upon client’s
objectives
h.
Conversion Services
Coordinate and attend conversion meetings and calls with Vendor and Committee
Provide documentation of decisions made during or before conversion process
Provide guidance and suggestions during the conversion process to the Committee
Assist Client in meeting deadlines and keep vendor on track
Assure notices and communication pieces are generated in a timely and accurate fashion
Bridge the gap (if necessary) of Vendor provided education and communication
i.
Participant Investment Advice with Passport
On-demand mailing to employees’ home providing an asset allocation, utilizing the core investment
options within the Plan, based upon their completion of an on-line or paper risk profile quiz
j.
CBIZ Financial Wellness Series
TM
Delivery of CBIZ Financial Wellness Series to plan sponsor for distribution to participants via email
link:
•
Recorded webinars cover six financial wellness topics
•
Webinars can be viewed on computer or smart phone