Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Reader Responses March 5, 2002
SURVEY SAYS: March Madness
March 15, 2001 - The waiting (for some) is over (for
others it is just beginning)--March Madness is now upon us.
Nearly 61% of this week's respondents are participating in a
pool, compared with 39% that are abstaining (roughly the
reverse of last year's survey results, interestingly enough).
The vast majority picked Duke to win it all, with Maryland
and Stanford distant seconds. Also cited were Kentucky, Iowa,
Michigan State and North Carolina.
Reported by editors@plansponsor.com
From an economic standpoint, the average entry fee was $11.68, but the most popular answer was $5. Payoffs were all over the board ? and generally dependent on the final number of contestants (many open until tip-off today). However, the average was nearly $500! One reader noted that “gambling is illegal, just the awe of my fellow workers is enough.” But perhaps the best response was the reader who said, “it doesn’t even matter.”
Thanks to everyone that participated in our survey!