Page 52 - DCAC February 2024 Files

County of San Mateo Deferred Compensation Program Participant Survey 2023

change it to post tax deductions. Then also forgot to change to the new max contribution
amount. So I’m probably coming up short when goal is to contribute max.
23 don't have much idea about the program 12/14/2023 8:56 PM
24 There isn't an employer matching contribution aspect. 12/14/2023 8:40 PM

25 I don't touch it. 12/14/2023 8:25 PM
26 Just started the program 12/14/2023 8:11 PM
27 I feel like I need more education. 12/14/2023 7:01 PM
28 Neutral 12/14/2023 6:53 PM

29 Not sure 12/14/2023 6:44 PM
30 Not enough info provided 12/14/2023 6:41 PM
31 Frankly i'm not even sure what i'm contributing to is considered deferred compensation but I 12/14/2023 6:39 PM
think so because I get updates from Empower. I thought it was a 457 or something. I have no
idea what the plan design is, so neutral.
32 I would like to see more email from Defer comp program and offering educational session more 12/14/2023 6:34 PM
often.
33 Very blend 12/14/2023 6:28 PM
34 I have not seen information about it 12/14/2023 6:18 PM

35 Miss working with Patrick Washington. Dillion did a hard timeshare sale to get me to pay 12/14/2023 6:18 PM
higher fees for a monitored account. Also, there is now a $300 fee to borrow against the
account.

36 it is not designed by personal needs/aspects 12/14/2023 6:16 PM
37 I would like to understand the investment options better. Education would be helpful. 12/14/2023 6:14 PM
38 not enough options 12/14/2023 6:08 PM

39 I would like more opportunity to decide on the type of investments to put my money in. I am 12/14/2023 5:59 PM
unable to invest in certain industries based on my personal/religious values and so this limits
my options to have alternatives as the deferred comp program already decides for me. Thus,
I'm not able to participate any longer in the program.
40 The funds are limited. Not that many varieties of funds to chose from. 12/14/2023 5:54 PM
41 I don't feel equipped to offer an opinion so I responded "neutral" 12/14/2023 5:52 PM

42 There isn't a lot of information provided in this area. 12/14/2023 5:51 PM
43 Investment is not growing that much. 12/14/2023 5:50 PM
44 Don't know much about it 12/14/2023 5:36 PM
45 How about a simple CD Fund or Money Market Fund. The Stock Market is too volatile & bonds 12/14/2023 5:27 PM
pay too little.
46 Not able to speak directly with a certified financial advisor. The representatives answering calls 12/14/2023 5:27 PM
cannot advise you. It is frustrating not able to discuss financial possibilities.
47 not much information 12/14/2023 5:26 PM
48 ? 12/14/2023 5:25 PM
49 Not been with the County long enough to experience it all. 12/14/2023 5:25 PM

50 Neutral 12/14/2023 5:24 PM
51 because I don't really use them, but you don't have that option. 12/14/2023 5:24 PM
52 I don't have clear understanding how it works 12/14/2023 5:22 PM

53 Because I don't know the design or how it is designed. 12/14/2023 5:22 PM

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