NAPA Net - Polling Places 071516

Do 401(k) Tax Advantages Matter?

Tax reform is on Washington’s lips again – but means different things to different people.

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* 1. If tax reform took away the pre-tax advantage of 401(k) savings, what do you think participants would do?

Most would quit saving

Many would quit saving

Some would quit saving

Mostly there would be no reaction

Some would save less

Many would save less

Most would save less

It won't matter much - Roth 401(k) works just as well

Other (please specify)

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* 2. What do you think would happen if current deferral limits were reduced or capped (check all that apply)?

Participants would save less

Highly compensated participants would save less

Mostly there would be no impact

Plan sponsors would be less inclined to set up and maintain these plans

Other (please specify)

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* 3. If tax reform took away the pre-tax advantage of 401(k) savings, what do you think plan sponsors would do?

Many would be less inclined to set up and maintain these plans

Some would be less inclined to set up and maintain these plans

Mostly there would be no reaction/change

Other (please specify)

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* 4. Do you think lawmakers understand that impact?

No.

Yes, but they don't think it would actually happen.

Yes, but they don't care if it happens.

Yes, but they have other priorities

Other (please specify)

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* 5. Any other comments on tax reform, responses to tax reform, the need for tax reform, studies about the impact of tax reform, or the thinking of lawmakers in considering it?

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

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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* 7. 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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* 8. Suggestions for future survey questions?

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* 9. 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...