The National Association of Plan Advisors recently released its inaugural list of the Top Defined Contribution (DC) Advisor Firms, ranked by DC assets under advisement. BerganKDV Wealth Management, LLC ranked 118th with $866.5 million in total asset value of the DC plans supported, 105 supported plans and 17,000 total participants covered by DC plans.
A DC plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employer contributions and, if applicable, employee contributions) plus any investment earnings on the money in the account.
“Our advisors blend behavioral finance with optimal plan design to create positive outcomes for both the employer and the employee,” said Dave Hinnenkamp, Partner in Charge of BerganKDV Wealth Management. “Our clear and concise retirement planning process focuses on five key areas to ensure participants are properly educated to take full advantage of the benefit being offered and help plan sponsors select a plan that aligns with the organization’s corporate goals.”
About BerganKDV Wealth Management: BerganKDV Wealth Management offers asset allocation management, capital preservation, estate planning, financial planning, family office services, 401 (k) and retirement planning, and comprehensive wealth management. It is a division of BerganKDV which also offers business planning and consulting, tax, audit and accounting, payroll and technology services primarily in the Midwest. They employ more than 300 people with seven offices across Iowa and Minnesota.