401k/403b Plan Health Quiz
Answer a few questions to get an idea of what the Report Card score for your 401k or 403b may be. This is just a quick test to get you thinking and your actual Report Card score may be different.
How many investment options does your plan offer?
Less than 12
12-19
20 or more
What type of match does your plan offer?
Incentive Match (matches employee contributions)
Discretionary Match (doesn't depend on employee contributions -- everyone gets the same percent)
No Match
What percentage of eligible employees participate in the plan?
Less than 80%
80%-90%
More than 90%
Not Sure
Does Your Plan have an Investment Policy Statement that is adhered to
Yes
Yes, but we do not know if we are following it
No
Not sure
What are the Total Fees in Your Plan (as a percentage of the plan assets)?
More than 2%
1-2%
Less than 1%
I do not know
Is a Registered Investment Advisor advising your plan?
Yes
No
Not Sure
Are you aware of the regulations governing your plan and planned changes to them?
Yes
No
Not Sure
How do you provide participant education in your plan
In person by Certified Financial Planner (CFP(r))
In person by a non-CFP(r)
Written or web-only
Not Sure
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