NAPA Net - Polling Places 082721

Winning the Race to the Bottom

One of the highly anticipated panels at the 2021 NAPA 401(k) Summit is focused on strategies on how to avoid that “race to the bottom” – and our expert panel would like some input from NAPA-Net readers.

Conventional wisdom says that our industry is in a race to the bottom on fees. Too often, “priced to win” equates to a somewhat arbitrary best-guess on advisory pricing, with a bias toward “low.” The workshop – titled “Low” Blows: Developing Fees, Defining Services – features ) would love to get your readers input on a handful of questions.

It’s one of the first workshops at the 2021 NAPA 401(k) Summit – Sunday, September 12 at 2:30 p.m, immediately following the much-anticipated “Hill to the Summit” briefing from NAPA Executive Director and American Retirement Association CEO Brian Graff.

The panel has a few questions they’d like you to answer – whether you’ll be with us in Las Vegas or not.

Question Title

* 1. Are you:

Back in the office full-time.

Back in the office part-time.

Back in the office occasionally.

Not yet back in the office.

Never going back to the office.

Never had an office to go back to.

Any comments on that?

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* 2. How, if at all, did/has the COVID/work from home environment impact your productivity, generally speaking?

I was more productive.

I was less productive.

My productivity was about the same.

I worked from home before – no impact on my productivity.

Any comments on that?

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* 3. Has the experience of the past 18 months caused you to rethink the organization you work for:

Yes.

No.

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* 4. Has the experience of the past 18 months caused you to rethink where you work (geographically)?

Yes.

No.

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* 5. Has the experience of the past 18 months caused you to rethink your profession?

Yes.

No.

Any comments on that?

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* 6. Has the experience of the past 18 months caused you to rethink your work/life balance?

Yes.

No.

Any comments on that?

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* 7. Has the experience of the past 18 months caused you to rethink your retirement date?

Yes - accelerating it.

Yes, delaying it.

No.

Any comments on that?

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* 8. Other comments on the impact of COVID, rethinking your work/life balance, location, employer, profession, retirement date - or the lack thereof - or life in general?

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

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

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

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

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* 11. Suggestions for future survey questions? Seriously - what would you like to know about/from your fellow NAPA-Net readers? Or what would you like to be asked?

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* 12. All responses are confidential, of course - but just in case you would like a response - or want me to know you responded - or just want to say hi - here's your chance to do so (don't forget your email)!