NAPA 401(k) Summit - "Out" Takes Panel

Assessing Retirement Income Readiness

It’s ironic that programs designed to provide retirement income pay so little attention to the realization of that objective. To this day only about half of defined contribution plans currently provide an option for participants to establish a systematic series of periodic payments, much less an annuity or other in-plan retirement income option.

On Sunday, April 3, a dynamic panel will discuss these - and other - issues related to retirement income and its place in workplace retirement plans. But - regardless of whether you'll be with us or not, we wanted to get your sense of things as a foundation.

Question Title

* 1. Where are advisors in terms of integrating a focus on Retirement Income in their service model?

Early phase of starting to educate plan sponsors

Early stages to build participant guidance resources

Fully integrated focus including participant guidance and solutions

Have implemented some Retirement Income solutions for clients

Not focusing on at all

Any comments?

Question Title

* 2. How do you think retirement plan participants want to receive retirement income from their retirement savings?

they aren't looking to their employer plan to provide regular income

they don't know

they want to receive regular income, but the start date varies

they want to start receiving regular income at about age 65

Any comments?

Question Title

* 3. What do you think Plan Sponsors believe represents the TOP priority for employees in regards to retirement income solutions?

Ensuring individuals don’t run out of money

Ensuring regular income payments regardless of market activity / volatility

Ensuring that individuals principal is preserved

Maximizing real income for individuals during their lifetime

Any comments?

Question Title

* 1. Where are advisors in terms of integrating a focus on Retirement Income in their service model?

Question Title

* 2. How do you think retirement plan participants want to receive retirement income from their retirement savings?

Question Title

* 3. What do you think Plan Sponsors believe represents the TOP priority for employees in regards to retirement income solutions?

Question Title

* 4. Topic(s) you'd like to have discussed during the peer-to-peer session at NAPA 401(k) Summit?