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Michigan Boating Industry Association Retirement Plan Survey
1.
Name of Association Member and Contact Information
Name:
Phone:
Email:
2.
Do you currently offer a 401(k), Profit Sharing or "other" retirement plan?
Yes
No
3.
What is the current asset value of your current plan? How many participants are in your current plan?
Current Plan Assets:
Current Number of Participants:
Estimated Annual Contributions:
4.
Would you be interested in exploring a pooled retirement plan solution that may reduce your risk, outsource your fiduciary reponsibilities or possibly reduce your plan costs?
Yes- please answer the remaining questions
No- No interest regardless of cost savings to my business, improved services and reduced fiduciary liability
Maybe- please answer the remaining questions
5.
Which services are you most happy with regarding your current advisor? Check all that apply
Services provided by current financial advisor
Services provided by current provider
Investments offered by current plan
Employee education services
Website
Fee structure
6.
Which services are you most unhappy with regarding our current provdier? Check all that apply
Services provided by current financial advisor
Services provided by current provider
Investments offered in current plan
Employee education services
Website
Fee Structure
7.
Are you concerned about your personal fiduciary liability as the sponsor of your current retirement plan?
Yes
No
8.
Do you use an external payroll provider for payroll services
ADP
Paychex
Paylocity
Paycor
Heartland
Other
9.
Please specify the administrative tasks that your current providers handle:
Distribution of enrollment kits
Distribution of required participant notices
Monitor of Payroll
Approval and processing of loans
Approval and processing of distributions
10.
Does your current provider offer investment (3(38)/3(21)) or administrative (3(16)) fiduciary services?
Yes
No
Unsure
11.
Would you like a side by side comparison of your current plan to the proposed MBIA pooled plan?
Yes
No
