Retirement plan

CBIZ, INC. RETIREMENT SAVINGS PLAN

Name: CBIZ, INC. - CBIZ, INC. RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: CBIZ, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CBIZ, INC. RETIREMENT SAVINGS PLAN, CBIZ, INC.

CBIZ, INC.EIN 22-2769024Plan #003PY 2020

700 WEST 47TH STREET, SUITE 1100 - KANSAS CITY, MO 64112816-945-5500cbiz.comLinkedIn5001-10000 employeesmanagement consulting

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed February 21, 2020 (most recent of 2 filings on file)

Plan administrator

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700 West 47th Street, Suite 1100

Kansas City, MO 64112

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Plans declared (1)

CBIZ, Inc. Financial Services Long-Term Enrichment Award Program (LEAP)100 emp

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How to read this page

Total assets (EOY)

$940.2M

+19.6% from 2019

Total participants

6,464

+0.0% from 2019

Average account balance

$149,645

+19.0% from 2019

Annual return

19.57%

-3.69 pp from 2019

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.42B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$164K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

8,664

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.52%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$38

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$567,907
KPMG LLP4 years Service code 10 · EIN 13-5565207	Accounting	$28,000
MILLER RUSSELL ASSOCIATES5 years Filed as: MRA ASSOCIATES Service code 71 · EIN 27-1529830	Brokerage Fees	$19,701
CHARLES SCHWAB & CO., INC.5 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$333
AMERICAN REALTY ADVISORS4 years Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 13-2649093	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.4 years Filed as: VANGUARD Service code 52 · EIN 51-0082711	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2R3D3H2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$591K

$122 / participant

Contract admin$563K95.3%
Other / not subdivided$28K4.7%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,645

$127,481+17.4%

$149,6960%

$90,288+65.7%

Participation rate

96.3%

78.2%+18.0pp

82.5%+13.8pp

73.4%+22.9pp

Annual return

19.57%

57.78%-38.2pp

276.60%-257.0pp

53.97%-34.4pp

Employer contribution / active EE

$2,550

$3,448-26.0%

$4,644-45.1%

$2,524+1.0%

Participant deferral / active EE

$8,036

$6,975+15.2%

$6,842+17.5%

$4,232+89.9%

Admin fee / account holder

$94

$152-37.9%

$9,309-99.0%

$114-17.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$567,907

KPMG LLP4 years

Service code 10 · EIN 13-5565207

Accounting

$28,000

MILLER RUSSELL ASSOCIATES5 years

Filed as: MRA ASSOCIATES

Service code 71 · EIN 27-1529830

Brokerage Fees

$19,701

CHARLES SCHWAB & CO., INC.5 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

$333

AMERICAN REALTY ADVISORS4 years

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 13-2649093

Indirect Investment Fees

THE VANGUARD GROUP, INC.4 years

Filed as: VANGUARD

Service code 52 · EIN 51-0082711

Indirect Investment Fees

CBIZ, INC. RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CBIZ, INC. RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion