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CBIZ Retirement Plan Advisory Services
CBIZ Retirement Plan Advisory Services is part of CBIZ, Inc. (NYSE: CBZ), a diversified professional services firm founded in 1996 and headquartered in...
CBIZ Retirement Plan Advisory Services
CBIZ Retirement Plan Advisory Services is part of CBIZ, Inc. (NYSE: CBZ), a diversified professional services firm founded in 1996 and headquartered in Cleveland, Ohio. The retirement plan unit provides advisory services to employer-sponsored retirement plans, including 401(k), 403(b), and pension plans, with a focus on fiduciary governance, investment menu construction, and participant education. Its strategy centers on fee-based consulting rather than asset management. The unit typically serves mid-market employers—companies with 50 to several thousand employees—across a range of industries. Services include plan design review, investment policy statement development, manager due diligence, benchmarking, and compliance support. CBIZ Retirement Plan Advisory Services does not pool assets into proprietary funds; it recommends third-party investment options and recordkeepers (per public record). The advisory team operates across multiple US offices, leveraging CBIZ's existing client base for cross-referrals. CBIZ, Inc. reported total revenue of roughly $1.6 billion in 2024, but does not separately disclose revenue or assets under advisement for the retirement plan unit (per CBIZ 2024 annual report). The unit aligns with the firm's broader risk management and employee benefits practice. A structural differentiator is its integration into a publicly traded company's service platform, which provides regulatory infrastructure and institutional relationships that standalone RIAs may lack. This structure also subjects the unit to public company reporting cycles and governance, making its operations more transparent than many private advisory firms. The retirement plan unit does not offer wealth management for individual participants outside the plan context.
General information
Firm type
RIA
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
—
City
—
Corporate office
—
Sector focus
Frequently asked questions
Who runs investment decisions at CBIZ Retirement Plan Advisory Services?
The unit is led by a national practice leader whose name is not consistently disclosed in public materials. Investment recommendations are made by a team of advisors who evaluate third-party fund managers and recordkeepers on behalf of plan sponsors (per public record). The team follows CBIZ's internal fiduciary standards and does not manage pooled assets directly.
How does CBIZ Retirement Plan Advisory Services source proprietary deal flow?
The unit does not source proprietary investment deals. Its role is advisory—it recommends existing market products from asset managers and recordkeepers. Deal flow is not a relevant concept for this firm, as it does not invest in private funds or direct assets.
Is CBIZ Retirement Plan Advisory Services structured as a family office or a venture firm?
Neither. It is a retirement plan advisory unit within CBIZ, Inc., a publicly traded professional services firm. It operates as an RIA registered with the SEC, focused on fiduciary consulting for employer-sponsored retirement plans. It has no affiliation with family offices or venture capital.
Does CBIZ Retirement Plan Advisory Services participate in fund commitments or only direct deals?
It does not commit capital to funds or participate in direct investments. The unit advises plan sponsors on which mutual funds, collective trusts, and separate accounts to offer in their retirement plans. All investment decisions are made by the plan fiduciary, not by CBIZ.
What investment stages does CBIZ Retirement Plan Advisory Services typically target?
Not applicable—the firm does not target investment stages. Its focus is on ongoing plan management for mature employers, not venture-stage or growth-stage investing. The retirement plans it advises generally hold diversified portfolios of public market securities and fixed income.
How is CBIZ Retirement Plan Advisory Services related to CBIZ, Inc.?
It is a service line within CBIZ, Inc., a public company that offers accounting, tax, benefits, and risk advisory services. The retirement plan unit benefits from cross-referrals across CBIZ's 120+ offices, but operates as a distinct consulting practice with its own compliance and reporting structure.
Where does the underlying wealth come from?
The underlying wealth originates from CBIZ, Inc.'s public equity (NYSE: CBZ) and the retained profits of the parent company. The retirement plan unit is not a private wealth vehicle; it generates revenue through advisory fees paid by plan sponsors.
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