NAPA Net - Polling Places 091616

How Many Retirement Accounts Do You Have?

Presumably if you’re working with retirement plans you have the good sense to participate in your employer’s retirement plan. But when happens when you change employers?

We all know the choices; to roll it over to an IRA, perhaps to a new employer plan. Or you might spend it, or even leave it with your old employer? Or perhaps, over time, you make different decisions with different accounts and different employers. Regardless, this week let’s talk about those choices.

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* 1. How many full-time employers have you had?

more than 6

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* 2. How many retirement accounts do you have?

more than 6

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* 3. Is the number of retirement accounts equal to or less than your full-time employers?

the same

a few less

a lot less

comments on your retirement account/employer ratio?

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* 4. Have you rolled over all your retirement account balances?

yes

not all of them

none of them

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* 5. If you haven't rolled them over, why not (check all that apply)?

liked the plan/fees/investments they were in

too busy

too lazy

couldn't roll it into new employer plan

don't like IRA options

spent it instead

wanted to keep control

just never got around to it

didn't want to be out of the market

just way too frigging complicated to rollover

Other (please specify)

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* 6. What, if any, affect, do you think the DOL fiduciary regulation will have on rollovers?

will result in more rollovers

will result in fewer rollovers

will have no affect on rollovers

I have no earthly idea

Any other comments?

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* 7. Any other comments about rollovers, not rolling over, the decision to rollover, the mechanics of rolling over, or life in general?

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

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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* 9. 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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* 10. Suggestions for future survey questions?

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* 11. 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...