NAPA Net - Polling Places 09227

Are You Cashing In on Cash Balance?

Recent reports indicate a surge in adoption of cash balance plans in recent years, particularly among smaller employers. This week, we’d like to know what you’re seeing – and doing.

The number of new cash balance plans adopted by employers increased by 17% in 2015 — rising to 17,812 active plans — according to Kravitz’s “2017 National Cash Balance Research Report http://www.napa-net.org/news/managing-a-practice/industry-trends-and-research/cash-balance-plans-continue-solid-growth-report-finds/ .” Kravitz also claims that cash balance plans now make up 34% of all defined benefit plans, up from just 2.9% in 2001, and that total plan assets have risen to $1.1 trillion.

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* 1. Do any of your current plan sponsor clients offer a cash balance plan?

Yes

Not sure.

Something else (please specify)

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* 2. What's your feeling about cash balance plans as a plan option?

Don't know much about em.

Don't really have an opinion.

Like em.

Don't particularly like them.

Love em.

Something else (please specify)

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* 3. Have you seen an uptick in interest/takeup over the past 2 years?

Yes, but only among smaller employers

Yes

Yes, some.

Not sure.

Not really.

Something else (please specify)

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* 4. Do you "pitch" cash balance plans as a plan design alternative to your clients and prospects?

Only when asked.

Not generally.

Yes

Only in certain situations.

Something else (please specify)

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* 5. If you only pitch/discuss cash balance plan in certain situations, which one(s)?

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* 6. Any other comments about cash balance plans, offering cash balance plans, partnering with others to offer cash balance plans, or life in general?

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* 7. What is your role working with retirement plans?

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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* 8. What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

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* 9. Suggestions for future survey questions?

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* 10. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...