NAPA Net - Polling Places 042916

Do Plan Sponsors Want to Retain Ex-Participant Balances?

Among other things, the fiduciary regulation is likely to bring a renewed focus on the rollovers – but could it also bring an increased plan sponsor interest in retaining those balances?

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* 1. Have your plan sponsor clients/prospects shown any interest in retaining ex-participant balances?

Not yet

Only large balances

Only balances of retirees

Yes

Other (please specify)

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* 2. Has that interest level changed in the past 24 months?

Not that I can tell

Among some, but not all

Yes

Yes, interest has increased.

Yes, interest has decreased

Other/Comments?

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* 3. Why has that changed?

greater paternalism

interest in keeping large balances that keep plan fees lower

not really sure

I've not seen an increased interest

Other thoughts?

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* 4. Do you think that sentiment will change because of the fiduciary regulation?

Yes, it should increase interest in retaining balances

Yes, it should decrease interest in retaining balances

No, I don't see any reason the fiduciary regulation will change plan sponsor sentiment

Not sure.

Too soon to tell

Other (please specify)

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* 5. Other thoughts about rollovers, retentions, shifts in plan sponsor sentiment, or the fiduciary regulation?

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* 6. When do you (normally) read NAPA-Net?

Soon as it comes out

Lunchtime

Afternoon

After I get home

On the weekend

It depends

Comments?

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

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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* 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?

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* 10. 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...