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NAPA Net - Polling Places 083019

Does Your Practice Have an Education “Gap?”

One of the most frequently lamented challenges of working with participants is the lack of financial education, and resulting gaps in financial literacy.  This week, we’d like to know what you’re seeing – and what you’re doing – to help close those gaps.
1.Do you conduct participant education sessions?
2.Has that changed in the past two years?
3.There are a number of events during the year that highlight the importance of saving – which of the following do you (or your partners or your plan sponsor clients) leverage in your communication efforts?
4.If not, why not (check all that apply)?
5.How often do you (or your partners) provide in-person participant education sessions on average per client?
6.Financial literacy is a much-used term that is often broadly applied to a specific level of understanding that arguably doesn't have a lot of direct application to 401(k) saving.  But If there was one thing you could teach workers about finance that would help them be better educated about such things, what would it be?
7.Any other comments about education, campaigns to help education, the utility of campaigns to help education, the lack of campaigns to help education, , the need for campaigns to help increase the visibility of the need for education, or life in general?
8.What is your role working with retirement plans?
9.What size plans do you PRIMARILY work with?
10.Suggestions for future survey questions?  Specifically, it's been suggested that it would be good to get feedback on different aspects of practice management - which one(s) would YOU like to know more about from your fellow advisors?
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