The sixth annual survey, sponsored by the Principal Financial Group, features relevant questions about key market topics (see “403(b) Plans Slowly Adopt Auto, Other Features”). Non-profit organizations that participate will receive a free copy of the survey report and an invitation to a webinar that provides an in-depth discussion of the results.
“Based on the high attendance at our webinar last year, we know 403(b) sponsors are eager to compare their plans with those across the nation. The more sponsors who participate, the deeper and more valuable the benchmarking information,” says Bob Benish, executive director of PSCA.
The 2014 PSCA Survey results will be available in May and will provide benchmarking data about:
- Plan education;
- Investment options;
- Participation and contribution rates;
- Participant retirement readiness;
- Administration practices; and
- Plan expenses.
The short survey, at http://www.psca.org/403b_survey_2014, has been streamlined and will take less than 15 minutes to complete. To make it even easier to complete for plan sponsors who participated in 2013, PSCA is pre-populating responses from last year into the survey. Sponsors must submit the survey by March 14, 2014.
“When the results are available, financial professionals can meet with clients who completed the survey, attend the free webinar and help with benchmarking. This could provide an opportunity for the financial professional to make recommendations,” says Aaron Friedman, national tax-exempt practice leader, The Principal. “Financial professionals and third party administrators can build relationships and add value by notifying their 403(b) clients of this opportunity to receive free third-party research.”For questions about the survey, or to request hard copies of the survey questionnaire, contact PSCA at firstname.lastname@example.org.
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