NAPA Net - Polling Places 032522

What's Holding Small Businesses Back?

Data has shown that having access to a plan matters – and the coverage “gap” then a major concern. But the coverage gap is almost exclusively found among smaller employers – and this week we’d like to know what you think is holding them back – and how the “great resignation” might impact that.

Question Title

* 1. While there are doubtless as many reasons as there are small businesses, what do you think the PRIMARY reason more small businesses don't offer a retirement plan?

Administrative concerns

Concerns about cash flow

Concerns about litigation

Cost

Don’t know how to start on

Government regulations

Vesting directs too much to short-term workers

Workers would rather have pay than a plan

Any comments?

Question Title

* 2. Do you think the "great resignation" will/has generate more interest in retirement savings programs?

Definitely.

For a few, not most.

For some, not all.

I doubt it.

It already has.

Any comments?

Question Title

* 3. Many potential solutions have been put forth and/or tried to close the coverage gap among small businesses. Which of the following do you think is most likely to do so?

Higher benefits limits

Increased emphasis/interest because of the "great resignation"

Pooled employer plans (PEPs)

SECURE 2.0 tax credits

State-run IRA programs for private sector workers

Any comments?

Question Title

* 4. Thoughts about the coverage gap, closing the coverage gap, notions about how to close the coverage gap, the realities of closing the coverage gap, the impact (potential) of regulatory and legislative action to close the coverage gap, or life in general?

NAPA Net - Polling Places 032522

What's Holding Small Businesses Back?

Question Title

* 1. While there are doubtless as many reasons as there are small businesses, what do you think the PRIMARY reason more small businesses don't offer a retirement plan?

Question Title

* 2. Do you think the "great resignation" will/has generate more interest in retirement savings programs?

Question Title

* 3. Many potential solutions have been put forth and/or tried to close the coverage gap among small businesses. Which of the following do you think is most likely to do so?

Question Title

* 4. Thoughts about the coverage gap, closing the coverage gap, notions about how to close the coverage gap, the realities of closing the coverage gap, the impact (potential) of regulatory and legislative action to close the coverage gap, or life in general?

Question Title

* 5. Suggestions for future survey questions?

Question Title

* 6. want to say hi? leave your name/email... and thanks for participating!