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

Read More
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

Read More
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

Read More
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

Read More
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

Read More
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

Read More