Optimize Your Benefits
Proper retirement plan administration requires continuous attention and in-depth knowledge. CBIZ has the experience and resources needed to help you maintain smooth plan operations, optimize plan benefits, and ensure compliance with regulations.
By acting as your third-party administrator, CBIZ can perform administration, plan document, and consulting services to help set both plan sponsors and participants up for success.
Featured Solutions
Explore how CBIZ can help you navigate retirement plan administration.
CBIZ provides annual administration, plan document and consulting services to help keep your retirement plan compliant, operating efficiently, and optimized for your participants.
CBIZ can serve as a limited ERISA 3(16) fiduciary by acting as the plan administrator and becoming contractually responsible for managing some plan operations.
Third-Party Administration
CBIZ provides annual administration, plan document and consulting services to help keep your retirement plan compliant, operating efficiently, and optimized for your participants.
As your third-party administrator, CBIZ can perform required annual testing, prepare your annual Form 5500 and related schedules, review your current plan document and prepare your plan document, adopting resolution, participant loan program and Summary Plan Description.
3(16) Fiduciary
CBIZ can serve as a limited ERISA 3(16) fiduciary by acting as the plan administrator and becoming contractually responsible for managing some plan operations.
As a limited ERISA 3(16) fiduciary, CBIZ can help mitigate fiduciary liability and reduce the labor burden associated with plan administration. As a 3(16) fiduciary, CBIZ can:
- Complete, sign, and submit annual Form 5500
- Approve and manage plan distributions
- Approve loans
Maintain Compliance
Sponsoring a retirement plan requires knowledge of the latest regulations and diligence to ensure your plan meets these regulations. CBIZ has the knowledge and resources needed to help you keep your plan compliant.
Mitigate Liability
Our experienced team of professionals can help you mitigate fiduciary liability by acting as a limited 3(16) administrative fiduciary for your plan. We can maintain responsibility for various administrative functions of the plan, significantly reducing your potential liability as a plan sponsor.
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CEFEX provides an independent recognition of CBIZ Investment Advisory Services’ conformity to a defined Standard of Practice. It implies that CBIZ Investment Advisory Services can demonstrate adherence to the industry’s best practices, and is positioned to earn the public’s trust. This registration serves investors who require assurance that their investments are being managed according to commonly accepted best practices.
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Investment advisory services provided through CBIZ Investment Advisory Services, LLC, a registered investment adviser and a wholly owned subsidiary of CBIZ, Inc.
Third party administration, actuarial, and other consulting services offered through CBIZ Benefits & Insurance Services, Inc.
CBIZ Financial Solutions, Inc. is a Broker/Dealer, member FINRA, SIPC and registered investment adviser.
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