NAPA Net - Polling Places 032423

Multiple "Choices": What Would You (Generally) Do?

Ours is a business guided by black and white laws, but lots of gray nuance and interpretation applied to individual situations. This week, we’ve got some questions that normally get answered with nuance – but we’d like you to just pick one…

One answer per question, that is. We’ve got just a couple of high-level things for you to think about – pick the one response that seems most accurate – and we’ll sort it all out for you come Friday.

Oh – and what would you like Nevin & Fred to focus on at our LIVE podcast session at the NAPA 401(k) Summit!

Question Title

* 1. Realizing that different plans (and participants) call for different approaches, at a plan level, do you generally prefer to recommend:

Risk-based target-date fund

Target-date fund with a “through” retirement date glidepath

Managed account

Target-date fund with a “to” retirement date glidepath

None of the above

Something else?

Question Title

* 2. Generally speaking, assuming a participant has an accumulated balance in the plan greater than $5,000, do you…

Encourage terminating participants to roll their money to an IRA

Encourage terminating participants to roll their money to a new plan

I don't work directly with participants.

Let them do whatever they want to do.

Encourage terminating participants to leave their money in the plan

Any comments?

Question Title

* 3. With regard to retirement income, when the subject comes up with plan sponsors, do you generally

The subject of retirement income never comes up.

Recommend a specific product offering/design

Remind them that there are “complications” yet to be sorted out.

Change the subject

Talk about the possible option(s), but nothing specific

Any comments?

Question Title

* 4. Overall, do you think that the excessive fee litigation has (on this one you can choose more than one response!):

Helped to reduce 401(k)/403(b) fees

Reminded plan fiduciaries of their obligations

Helped improve the quality of plan investment menus

Only made some attorneys wealthier

Driven up the cost of fiduciary insurance

Actually driven up plan costs

Any comments?

Question Title

* 5. And finally - what would you like Nevin & Fred to discuss at the LIVE Nevin & Fred podcast session (once again, more than one response is allowed)?

Getting Set for SECURE 2.0

Fred's favorite lawsuit(s)

Nevin's fiduciary faux pas

Something else...

Question Title

* 6. Thoughts about - well, mostly the Summit, right? What you are looking forward to, which sessions look most intriguing, maybe even the topic(s) we might have missed, or didn't have time for... or just a chance to say "hi"...

Question Title

* 1. Realizing that different plans (and participants) call for different approaches, at a plan level, do you generally prefer to recommend:

Question Title

* 2. Generally speaking, assuming a participant has an accumulated balance in the plan greater than $5,000, do you…

Question Title

* 3. With regard to retirement income, when the subject comes up with plan sponsors, do you generally

Question Title

* 4. Overall, do you think that the excessive fee litigation has (on this one you can choose more than one response!):

Question Title

* 5. And finally - what would you like Nevin & Fred to discuss at the LIVE Nevin & Fred podcast session (once again, more than one response is allowed)?

Question Title

* 6. Thoughts about - well, mostly the Summit, right? What you are looking forward to, which sessions look most intriguing, maybe even the topic(s) we might have missed, or didn't have time for... or just a chance to say "hi"...

Question Title

* 7. Suggestions for future survey questions?