Blog

22 Mar

Financial Wellness Meets 401(k)

Financial Wellness is one of the most pervasive topics in the retirement industry today. The reality is that many employees may not be able take full advantage of their retirement plan due to other demands on the paycheck.  More broadly, financially stressed workers are not good for business.  Recordkeepers and third party service providers have

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07 Mar

Here We Grow Again! – CDM Welcomes Sean Powell

In their ongoing effort to further serve the financial advisor community, CDM Retirement Consultants and Northwest Plan Services have added to their team of sales professionals. Sean Powell joins CDM and Northwest Plan Services working with advisors and consultants on the East Coast and comes with over 15 years of industry experience. Sean has experience on both sides of the aisle, having worked as both a financial advisor and a retirement plan sale professional.

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15 Apr

DOL Publishes Final Fiduciary Rule

  ERISA and the Code prohibit fiduciary advisers from receiving compensation based on their investment advice unless an exemption applies. In the absence of an exemption, the arrangement would result in a prohibited transaction. The DOL has clarified the standards for whether or not investment recommendations/advice is being given and provide several exemptions that will

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18 Nov

The Upside of Target-Date Funds

Target-date funds  have been taking a beating lately, with some of the noise coming from everyone who isn’t TDF and other attacks from those advocating for individual level model portfolios in 401(k) plans. While target-date funds may not be perfect, they offer a great solution for most plan participants who, let’s face it, have little

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17 Sep

CDM Makes Debut on 2015 PlanSponsor RK Survey

The 2015 Plan Sponsor Recordkeeping Survey ranks CDM Retirement Consultants as the 12th largest independent, non-advisory defined contribution recordkeeper with $1.9 billion in client assets on our platform. Though there are larger providers, most are mutual fund or insurance companies who sell their own investments. CDM is a non-producing, open architecture recordkeeper and administrator of

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26 Aug

401(k) Plan Education by Way of Gamification

While at a recent 401(k) industry conference, I had the pleasure of attending Gabe Zichermann’s session on gamification. While I am familiar with the concept of gamification, I was intrigued by the direction the session took. Mr. Zichermann was very successful in ensuring his keynote speech was highly relevant to the retirement planning industry and

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01 May

Bradford Campbell of Drinker Biddle speaks on Newly Proposed DOL Fiduciary Rule

Last week, CDM Retirement Consultants and Northwest Plan Services participated in a panel discussion event, hosted by John Hancock and featuring Bradford Campbell, Esq from the law firm of Drinker Biddle.  Brad is the former Assistant Secretary of Labor for Employee Benefits and former head of the Employee Benefits Security Administration.  He is a nationally-recognized

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12 Feb

DOL Audits – who has your back?

Recently, the DOL reported the results of its investigations during FY 2014. In short, 2,541 of the 3,928 civil investigations, or 64.7%, resulted in almost $600 million in recoveries or other corrective actions. This underscores the importance of hiring qualified experts to provide you with advice and services related to your retirement plans. The rules

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