NAPA Net - Polling Places 111320

What's Your Perspective on Non-Pecuniary Factors?

As October wound to a close, the Labor Department unveiled its Final Rule on Financial Factors in Selecting Plan Investments. Now, with a change in Administrations, it’s future may be limited, but the final rule provided a somewhat different take on ESG investments.

This week, we’d like to know what you think of the final rule.

Question Title

* 1. Overall, how did you feel about the proposed rule?

I REALLY liked it.

I Liked it.

I could have taken it or left it.

I didn't like it.

I REALLY didn't like it.

I never read it/never had an opinion

Comments on this provision/your opinion?

Question Title

* 2. How do you feel about the final rule?

I REALLY like it.

I Like it.

I could take it or leave it.

I don't like it.

I REALLY don't like it.

I haven't read it/don't have an opinion.

Comments on this provision/your opinion?

Question Title

* 3. Assuming the final rule holds, what impact do you think it will have on the inclusion of ESG on DC plan menus (check all that apply)?

It will increase the likelihood of consideration.

It will increase the likelihood of adoption.

It will have no effect on consideration, but might increase adoption.

It will have no effect on adoption, but might increase consideration.

it will decrease the likelihood of consideration.

It will have no effect on adoption or consideration.

It will decrease the likelihood of adoption.

Comments on your opinion?

Question Title

* 4. Assuming the final rule holds, what impact do you think it will have on YOUR recommendation of ESG options on DC plan menus (check all that apply)?

It will increase the likelihood of consideration.

It will increase the likelihood of adoption.

It will have no effect on consideration, but might increase adoption.

It will have no effect on adoption, but might increase consideration.

it will decrease the likelihood of consideration.

It will have no effect on adoption or consideration.

It will decrease the likelihood of adoption.

Comments on your opinion?

Question Title

* 5. Setting aside fiduciary issues/reluctance, surveys have found that, despite intereste expressed in ESG options by participants, when offered (and that's still a minority of plans), they tend NOT to take advantage (an exception - participants in non-profits). Why do you suppose that is (check all that apply)?

They don't recognize it for what it is.

They are concerned about performance.

It's not promoted sufficiently.

They are concerned about costs.

It's not a default.

Something else/comments on your choice(s) above?

Question Title

* 6. Other comments about the ESG proposed rule, the final rule (that doesn't mention ESG), concerns about ESG investing, concerns about the LACK of ESG investing, the current "fluidity" regarding the definition of ESG, the notion that one day it's all going to be ESG investing, the response - or lack thereof - by participants when they have the ESG option, or life in general?

Question Title

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

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

Question Title

* 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? Seriously - what would you like to know about/from your fellow NAPA-Net readers? Or what would you like to be asked?

Question Title

* 10. All responses are confidential, of course - but just in case you would like a response - or want me to know you responded - or just want to say hi - here's your chance to do so!