Filling Holes in Retirement Readiness

A surprising amount of retirement savings turns into pre-retirement spending (and taxes) for no reason other than the complexity of the rollover process.  This week, we’d like to know your thoughts on, and experience with, that process – and if you’re one of the first 100 respondents, you could win a free registration to the 2020 NAPA 401(k) Summit!

Concerns about leakage continue to pop-up in headlines (even ours) – and, while it’s hardly a new or unique problem, it’s arguably a much bigger hole in the nation’s retirement security than the impact of student debt (which, to my eyes, anyway, has garnered a LOT more attention).  This week, we’d like to know about your experience with rollovers – both rollouts and roll-ins – not to mention your familiarity or experience with a (still relatively) new alternative to deal with leakage.

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* 1. Do/have you worked with participants rolling a distribution out of a plan you are working with?

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* 2. Do/have you worked with participants rolling a distribution INTO a plan you are working with?

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* 3. Which are MOST of your plan sponsor client/prospects are concerned about (check all that apply)?

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* 4. Which would you say your plan sponsor client/prospects are more concerned about?

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* 5. Would your plan clients be interested in participating in a program that automatically consolidated their participants defined contribution plan balances into their plan at the time of their hiring?

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* 6. Did you know that the Department of Labor has approved the Retirement Clearinghouse’s request for relief from ERISA’s prohibited transaction restrictions to receive fees in relation to its pioneering auto-portability program?

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* 7. If your defined contribution / 401(k) plan participant balances with a prior employer were automatically transferred in to your client’s plan as they changed jobs (check all that apply):

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* 8. Other comments about rollovers, the rollover process, the rollover process experience, concerns about leakage, the lack of concern about leakage, the focus on college debt, the balance (or imbalance) of concerns between college debt and leakage), or life in general?

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

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* 10. What size plans do you PRIMARILY work with?

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* 11. Suggestions for future survey questions?  What would YOU like to ask other NAPA-Net readers?

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* 12. All responses are anonymous and confidential, of course - but if you'd like me to know who you are - or perhaps, more importantly, be eligible for that free registration to the 2020 NAPA 401(k) Summit - or allow for a response, you have to leave your email below...

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