Advisory Services


Plan sponsors are responsible for an increasing number of duties under federal law in relation to the management of their retirement plans. From ensuring that your plan is operating within the latest compliance regulations to identifying the best investment options for plan participants, sponsoring a retirement plan can have a high risk associated with it, causing it to be extremely stressful. 

Investment advisers and consultants are able to act in a fiduciary capacity when providing investment advice to plan sponsors. As a result, we developed our proprietary consulting solution, The CBIZ RPS Fiduciary Risk Manager™, to help our clients identify and navigate the risks of sponsoring a retirement plan, while proactively reducing the liability and stress that comes with it.

Fiduciary Governance: Initially we help clients establish a formal documented governance process, which in turn lowers organizational risk, reduces personal liability and delegates fiduciary duties.

Compliance/Actuarial: Our consultants ensure your plan remains in compliance through proper administration and successful completion of all required filings and notices.

Investments: If you don’t have the in-house expertise or want to diminish risk by hiring a  3(21) or 3(38) fiduciary, our team  can help. Independent and credentialed specialists review your investment offerings and make recommendations that will provide plan participants the best mix of investment options to meet their retirement goals.

Fees & Expenses: Our periodic examination and benchmarking processes will help you examine the fees and expenses of your retirement plan to ensure “reasonableness” and potentially negotiate lower prices.

Mergers & Acquisitions: You can rely on the experienced team at CBIZ to reduce the anxiety of converting or merging retirement plans, including changing recordkeepers.

Participants: By focusing on the five areas listed above, you are helping to ensure your participants have a great plan for reaching retirement readiness. Additionally, CBIZ offers multiple ways to help you educate, advise and communicate with plan participants. We have printed materials, as well as unbiased, in-person specialists and technology-based products to assist you in educating your employees.

Service Overview
The CBIZ Fiduciary Risk Manager™
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CBIZ Retirement Plan Services is a trade name under which certain subsidiaries of CBIZ, Inc. (NYSE Listed: CBZ) market investment advisory, third party administration, actuarial and other retirement plan services. Investments and investment advisory services offered through CBIZ Financial Solutions, Inc., Member FINRA, SIPC and SEC Registered Investment Adviser, dba CBIZ Retirement Plan Advisory Services. Third party administration, actuarial and other consulting services offered through CBIZ Benefits & Insurance Services, Inc.