NAPA Net - Polling Places 082622

The Best…and the Worst?

Much has been said of late about the so-called “great resignation”, and the impact on the workforce and workforce structure, not to mention benefits and retirement timing. So, how is “it” affecting your plans?

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* 1. Do you recommend automatic enrollment?

Every chance I get.

Not so much these days.

It depends.

Not really, though I will discuss it.

No.

Any comments?

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* 2. When you recommend automatic enrollment, what is the starting deferral rate you generally recommend?

More than 10%

10%

I don't recommend automatic enrollment.

Any comments?

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* 3. When you recommend automatic enrollment, do you also recommend deferral rate acceleration?

Yes, but not at the same time.

No.

It depends.

Yes, always.

Sometimes.

Rarely.

Any comments?

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* 4. Do you promote/recommend reenrollment (the subsequent automatic enrollment of those who have opted out of automatic enrollment at a subsequent date)?

Sometimes.

Rarely.

No.

Yes.

Any comments?

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* 5. Other comments about automatic designs, their utility (or lack thereof), the receptivity among plan sponsors (or lack thereof), how plan participants respond (or don't), and whatever ideas/thoughts/recommendations you might be using in their place these days (or not)...or life in general?

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

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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* 7. 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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* 8. Suggestions for future survey questions?

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* 9. 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...