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E x h i b i t s │ Pa g e 54
SCOPE OF SERVICES -RPS
1.
CBIZ RPS Fiduciary Services
Develop recommended investment options menu (recommended portfolio)
Recognize in writing fiduciary responsibilities relating to the selection, monitoring and replacement of
the investment options in the plan
Review fund lineup for diversified asset class coverage and recommend investment options to fill
gaps if necessary
Prepare semi-annual investment due diligence report and present to the retirement plan committee
in person which includes:
•
Market Commentary (review of economy & financial markets)
•
Holdings Allocation
•
Style Allocation
•
Comparative Fund Performance (Benchmarking)
•
Fund-specific Commentary/Recommendations
•
Maintenance of investment option “watch list” for funds that violate the CBIZ due diligence
criteria
Prepare investment detail report summarizing analysis of alternatives to funds recommended for
replacement
2.
CBIZ RPS Non-Fiduciary Services
a.
Plan Governance
Draft and maintain Retirement Plan Committee Charter
Draft and maintain the Investment Policy Statement (IPS) (Defines roles and responsibilities of
Retirement Plan Committee, Consultant/RIA and Vendor/Custodian)
b.
Annual Plan Management Review
Develop long-term objectives for the retirement plan(s)
Provided annually, the Plan Management Review concentrates on all aspects of your Retirement
Plan, providing documentation of your process to minimize fiduciary risk:
•
Plan Check-Up reviewing participation and average deferral rates
•
Identify areas that may need further review and attention
•
Investment Review with recommendations and commentary
•
Updates on Regulatory Issues
•
Benchmarking data regarding participation, plan design, etc.
Provide guidance on areas in which may require plan design changes, Roth 401(k), automatic
enrollment, Safe Harbor, etc.
Provide Retirement Plan Committee meeting notes of meeting and “to do” list
Follow up as needed to assure that “to do” list is completed in a timely manner