NAPA Net - Polling Places 062416

Are Roth Options Catching On?

Surveys continue to indicate that while growing numbers of plan menus incorporate a Roth 401(k) feature, participant adoption remains tepid.

How does that compare with what you are seeing?

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* 1. Roughly what percentage of the plans you work with include a Roth feature?

All of them

75% - 99%

50% - 74%

25% - 49%

Less than a quarter

Less than 10%

None

Other (please specify)

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* 2. Do you actively promote the Roth option?

Yes

Depends on the situation/plan demographics

Other/Comments?

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* 3. Do plan sponsors like the addition of a Roth option?

Yes.

Most do

Some do

Most don’t

Not particularly

Other/Comments?

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* 4. Why/why not?

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* 5. How has participant adoption of the Roth option been in the plans you work with?

Strong – better than 75%

About half take advantage

Only about a quarter have taken advantage

Weak – less than 10%

Other/Comments?

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* 6. Is that pretty much in line with expectations or not?

Yes, it is in line with expectations

No, it’s exceeding expectations

No, it’s well below expectations.

Didn't really have specific expectations

Other/Comments?

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* 7. Any plans to do anything different/more in terms of promoting the Roth option in the plans you work with?

Yes

Not sure

If so, what?

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* 8. Any other comments on Roth 401(k) adoption, introduction, acceptance, use as a default contribution type or thoughts in general?

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

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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

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* 12. 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...