401(k) Survey - Employee Report Card

How Well Have You Prepared For Retirement?

Do you know how much money you need to save? How much risk you are taking on your investments? Does your asset allocation strategy match your tolerance for risk?

As a plan participant, you can increase your chance of success by taking an active role in the planning process. Answer the following questions then total your score to see if you are on track towards meeting your retirement plan goals.

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* 1. Do you feel you understand the investment options in your account really well?

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* 2. Do you feel you understand the benefits and features on your plan really well? (e.g., loan provisions, ESOP, vesting, match)

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* 3. What percent are you currently contributing to your retirement plan?

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* 4. Do you feel you are on the right track to meet your retirement goals?

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* 5. Have you taken the time to run a Holistic Retirement Plan? (to determine if your savings is on track or not)

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* 6. Have you rebalanced your account in the last two years, automatically or manually?

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* 7. Do you follow your investment rate of return/loss from year to year? (%increase %decrease)

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* 8. Have you performed a risk analysis? (to determine how you might react when markets rise and fall?)

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* 9. Do you know what deferral percentage of your income along with company match can likely help you reach your retirement savings goal?

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* 10. Have you calculated your retirement needs in inflation-adjusted dollars? (e.g., $10 today is worth $5 twenty years from now)

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