401k Plan Design Questionnaire

Who wants the 401k plan more?

Select from list Employer Employees Equally desired by employer and employees

What do you think is the average percentage of compensation that owners and participants who earn more than $80,000 will contribute? (An estimate will suffice) :

Select from list 2% 4% 6% 8% 10% Other, explain in comments below

What do you think is the average percentage of compensation that participants who earn less than $80,000 will contribute? (An estimate will suffice)

Select from list 2% 4% 6% 8% 10% Other, explain in comments below

What will be the employer 401k matching contribution?

Select from list 0% 100% of employee contributions, maximum of 3% of compensation 50% of employee contributions, maximum of 2% of compensation 50% of employee contributions, maximum of 3% of compensation Other, explain in comments below

Would you prefer a prototype 401k plan that is easier to administer or an individually designed plan that can accommodate more of your requirements?

Select from list Prototype Individually-designed plan

When do you want employees to be able to contribute to the 401k plan?

Select from list Enter immediately on hire 3 month waiting period 6 month waiting period 1 year waiting period (maximum, by law) Other, explain in comments below

Do you want to use a vesting schedule or vest 100% upon plan entry?

Vesting schedule Vesting 100% upon plan entry

Which should be allowed?

Select from list Loans Hardships Both hardships and loans Neither hardships nor loans

Who shall direct the 401k investments?

Select from list Employer Employee Other, explain in comments below

Where do you want 401k investments to be made?

Select from list A single family of funds (usually mutual funds) Other, explain in comments below

Who will pay the 401k investment expenses?

Select from list Employer Employees Other, explain in comments below

Who will facilitate necessary 401k employee communications?

Select from list Employer will do all Outside firm will do all Employer and outside firm will both do some

Will you present an enrollment meeting to employees or do you want an outside 401k service provider to do this?

Select from list Employer will do Specialized communications firm will do Other, explain in comments below

What investment education and information do you want provided to participants?

Select from list An explanation of investment options available under the plan Personal financial counseling A basic understanding of investments in general A combination of the above

How will the 401k plan be administered?

Select from list By an outside service provider, specializing in this function By a bundled service provider such as a mutual fund Explain in comments below

How important is limiting 401k administrative costs at the expense of having a successful program?

Select from list Not too important Somewhat important Very important

Who will pay the 401k administrative expenses?

Select from list The employer The employees

Name

Company's Name

Phone Number

E-mail Address

Date 401k Plan was or will be established

Number of Employees

Comments

Describe your relationship to the employer (e.g., owner, human resource assistant, payroll manager, human resource director, outside consultant, participant, etc.) .