Setting effective retirement plan policy can be a tricky business.
Those who do so must often thread a complex web of competing priorities, not to mention what can happen when you make changes that are predicated on bad assumptions or misunderstandings about how these programs work, or how plan sponsors and participants may respond to the changes contemplated.
Those who work with such programs on a daily basis generally have a different, real-world sense of things. This week, via our unique comparative polling mechanism, we’d like to get your sense of the biggest misunderstandings about 401(k) plans among those trying to set retirement plan policy.
Now, “biggest” could have varying definitions (for example, some might have larger financial impacts than others) — so for purposes of this polling, let’s just say it’s the notion that’s least accurate in your opinion/understanding.
How it Works
You’ll be given two options from which to choose — pick one, or add one of your own choosing to the poll. Can’t decide between the lesser of two evils (or goods?) There’s an option for that as well. Then you’ll get two more to vote on, and so on. Vote as often as you’d like — and you can also check in and see which ideas are topping the list.
And while we’ve given you a list to start with, feel free to add your own (or post them in the comments below, and we’ll do that for you)! We’ll post the results next week.
WARNING: This can be addictive!
You can vote on the Biggest 401(k) Misunderstandings here.
