NAPA Net - Polling Places 061518 Survey

Question Title

* 1. What reason(s) have you heard plan sponsors give for not offering a workplace retirement plan (check all that apply)?

Cost

Fiduciary liability

Don't know how

Workers aren't interested

Time (as in lack of)

Something else (please specify)

Question Title

* 2. What single reason do you think is actually the most responsible for employers not offering a workplace retirement plan?

Cost

Fiduciary liability

Don't know how

Workers aren't interested

Time (as in lack of)

Something else (please specify)

Question Title

* 3. Which of the following way(s) could (help) encourage plan formation and close the coverage gap?

Offset cost with tax credits

Safe harbor provisions to provide relief from fiduciary liability concerns

Promote workplace plan options through marketplace availability

Incentivize advisors to promote the availability/need for plans

Make employers offer plans

Eliminate and/or loosen current nondiscrimination requirements

Eliminate top-heavy testing requirements

Encourage the formation of more state-run programs for private employers

Establish a federal auto-IRA alternative

Establish a mandatory federal auto-IRA alternative

Something else (please specify)

Question Title

* 4. You've been asked to provide a recommendation to Congress as to a viable means of closing the coverage gap - which one will you recommend?

Offset cost with tax credits

Safe harbor provisions to provide relief from fiduciary liability concerns

Promote workplace plan options through marketplace availability

Incentivize advisors to promote the availability/need for plans

Make employers offer plans

Eliminate and/or loosen current nondiscrimination requirements

Eliminate top-heavy testing requirements

Encourage the formation of more state-run programs for private employers

Establish a federal auto-IRA alternative

Establish a mandatory federal auto-IRA alternative

Something else (please specify)

Question Title

* 5. So, you've been given the power (and the opportunity) to close the retirement plan coverage gap - how would you do it (choose one)?

Offset cost with tax credits

Safe harbor provisions to provide relief from fiduciary liability concerns

Promote workplace plan options through marketplace availability

Incentivize advisors to promote the availability/need for plans

Make employers offer plans

Eliminate and/or loosen current nondiscrimination requirements

Eliminate top-heavy testing requirements

Encourage the formation of more state-run programs for private employers

Establish a federal auto-IRA alternative

Establish a mandatory federal auto-IRA alternative

Something else (please specify)

Question Title

* 6. Other comments about the coverage gap, the reason(s) given for not offering a workplace retirement plan, the difference that having access to a retirement plan at work makes, the gap between viable and realist, your experiences with getting employers to set up a workplace retirement plan, or life in general?

Question Title

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

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

Question Title

* 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)

Question Title

* 9. Suggestions for future survey questions?

Question Title

* 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...