TITLE OTOPRPEAERNRASATI TI OI ONNS S| |T Ta al el en nt t
How would you rate the following aspects of your current employee 401(k)?
6%
Ability of the plan to meet the needs of owners/executives
29%
29%
41%
Investment options and performance
35%
29%
18%
12% 6%
18%
53%
12% 12% 6%
Employee education
Employee participation and engagement
29%
18%
35%
12% 6%
Confidence that you will meet your fiduciary responsibilities
41%
29%
29%
Ability to understand and comply with regulations
29%
41%
18%
12%
Cost of the plan to the company
24%
47%
12%
18%
Customization of the plan to meet the goals of your company
29%
24%
41%
6%
Excellent
Extremely Poor
“
INLAND NORTHWEST EXECUTIVES
6%
“We are quite satisfied with the services offered by our 401(k) to our employees.”
“If the compliance requirements were explained more clearly, it would make things a lot easier.” “New employees require better education about the 401k plan. A structured onboarding program would help them understand it more thoroughly.”
“Our focus has been on immediate benefits for our employees, like overtime and hazard pay, rather than long- term retirement savings.”
“We offer other plans to our employees like SEP- IRAs.”
”
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