PLANADVISER - March/April 2021 - 14

trends
Hypothetical Trade-Off Scenarios
Participants are willing to 'spend' money to get free money from their employer
THE 2020 PLANSPONSOR Participant Survey shows that, if
plan participants are given a choice between two benefit
options, typically they are about evenly split between those.
However, the finding does show a slight preference among
participants for guarantees.
The online questionnaire was completed this past
September by 1,163 individuals, ages 23 and older, 220 of
whom were unemployed. -PA
58%
Guaranteed
3% annual
return
42%
Market-based
return that
might greatly
exceed 3%
but also could
lose money
54%
One-time
$5,000
bonus
46%
One-time
$5,000
contribution
to one's 401(k)
account
38%
3% employer
contribution
that is
immediately
vested
62%
6% employer
contribution
that is vested
after 5 years
49%
Pay lower fees
but accept
" below
average "
returns
51%
Pay higher
fees in hope
of receiving
" above
average "
returns
40%
One-time
$10,000
contribution
made
to 401(k)
account
today
60%
Guaranteed,
lifetime, taxfree
monthly
payments of
$200/month,
starting at least
by age 60
52%
Work for a
company with
a 401(k) plan
but pays
10% less
48%
Work for a
company
without a 401(k)
plan but pays
10% more
48%
Work for a
company
with a 401(k)
plan but
pays 20%
less
52%
Work for a
company
without a
401(k)
plan but pays
20% more
42%
Work for a
company with
positive social
impact but
pays 10% less
58%
Work for a
company
with no social
impact but
pays 10%
more
46%
$1,500
annual nondiscretionary
employer
contribution
54%
$3,000
annual
employer
contribution,
requiring
$6,000
employee
deferral
14 | planadviser.com March-April 2021

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PLANADVISER - March/April 2021

Table of Contents for the Digital Edition of PLANADVISER - March/April 2021

A Season for Change
Through the Ages
Overcoming Obstacles
A Plan Feature Run Wild
Not Just Retirement Services
Take It Past the Limit
Lifetime Income Illustrations
Wanna Be a PPP?
PLANADVISER - March/April 2021 - Cover1
PLANADVISER - March/April 2021 - Cover2
PLANADVISER - March/April 2021 - 1
PLANADVISER - March/April 2021 - 2
PLANADVISER - March/April 2021 - 3
PLANADVISER - March/April 2021 - 4
PLANADVISER - March/April 2021 - 5
PLANADVISER - March/April 2021 - 6
PLANADVISER - March/April 2021 - 7
PLANADVISER - March/April 2021 - 8
PLANADVISER - March/April 2021 - 9
PLANADVISER - March/April 2021 - 10
PLANADVISER - March/April 2021 - 11
PLANADVISER - March/April 2021 - 12
PLANADVISER - March/April 2021 - 13
PLANADVISER - March/April 2021 - 14
PLANADVISER - March/April 2021 - 15
PLANADVISER - March/April 2021 - A Season for Change
PLANADVISER - March/April 2021 - 17
PLANADVISER - March/April 2021 - 18
PLANADVISER - March/April 2021 - 19
PLANADVISER - March/April 2021 - Through the Ages
PLANADVISER - March/April 2021 - 21
PLANADVISER - March/April 2021 - 22
PLANADVISER - March/April 2021 - 23
PLANADVISER - March/April 2021 - 24
PLANADVISER - March/April 2021 - 25
PLANADVISER - March/April 2021 - Overcoming Obstacles
PLANADVISER - March/April 2021 - 27
PLANADVISER - March/April 2021 - 28
PLANADVISER - March/April 2021 - 29
PLANADVISER - March/April 2021 - A Plan Feature Run Wild
PLANADVISER - March/April 2021 - 31
PLANADVISER - March/April 2021 - 32
PLANADVISER - March/April 2021 - 33
PLANADVISER - March/April 2021 - Not Just Retirement Services
PLANADVISER - March/April 2021 - 35
PLANADVISER - March/April 2021 - Take It Past the Limit
PLANADVISER - March/April 2021 - 37
PLANADVISER - March/April 2021 - Lifetime Income Illustrations
PLANADVISER - March/April 2021 - Wanna Be a PPP?
PLANADVISER - March/April 2021 - 40
PLANADVISER - March/April 2021 - Cover3
PLANADVISER - March/April 2021 - Cover4
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