Page 58 - DCAC February 2024 Files

County of San Mateo Deferred Compensation Program Participant Survey 2023

Q11 If you rated any of the county program aspects Neutral or lower, why?

Answered: 167 Skipped: 589

# RESPONSES DATE

1 I need to learn more about this. 12/21/2023 8:20 PM
2 Choose not to invest 12/21/2023 11:52 AM
3 I would like to be able to invest in gold and silver. 12/20/2023 9:18 PM

4 Again, not familiar with the options. 12/20/2023 1:08 PM
5 The County does not provide an investment option that indexes and tracks the Nasdaq. This 12/20/2023 11:48 AM
includes some of the best performing stocks as a group. Because this isn't an option County
employees loose out on overall better long term financial gains. PLEASE ADD additional
Nasdaq options. Thank you.
6 I am not very familiar with the investment options and would like to learn more about them. 12/19/2023 2:31 PM

7 have not had time to look into in depth information about county program aspects 12/18/2023 6:06 PM
8 I have not look into any virtual classes regarding retirement 12/18/2023 2:36 PM
9 Can't make an informed decision based on what I know at this time. 12/18/2023 1:16 PM

10 It is hard to know that what I invest our of the savings would really pay off at the end. I am 12/18/2023 12:11 PM
very conservative and don't know what to invest and be safe about my money that I work so
hard to earn.
11 I have not checked my options for how I can assign the funds. It is an important option that 12/15/2023 11:33 PM
should be offered, though.
12 We need more investment options. 12/15/2023 5:32 PM
13 The County has become a broker for all of these companies to make deductions. Do better. 12/15/2023 5:04 PM

14 The options are not aggressive enough to allow participants to meet their investment goals. 12/15/2023 3:26 PM
15 time to review county programs 12/15/2023 2:30 PM
16 Not sure I am experienced enough in this area to provide specific details 12/15/2023 12:57 PM

17 Not sure, I don't know enough 12/15/2023 12:26 PM
18 new to the program 12/15/2023 11:49 AM
19 I have no experience on investing the funds and therefore have not done any changes on my 12/15/2023 11:19 AM
plan. Will be nice if we had a hand on training on how to invest.
20 I expected a better mix of investment options, more variety of funds. 12/15/2023 11:17 AM
21 Dont have much in the way of investment knowledge. 12/15/2023 10:55 AM

22 too much out of pocket 12/15/2023 10:34 AM
23 not user friendly 12/15/2023 10:26 AM
24 Could use more options without risk, like bonds, CDs, treasuries. 12/15/2023 10:21 AM

25 It would be nice to have a greater range of investment options. 12/15/2023 9:21 AM
26 Removal of low-cost Vanguard index funds previously available through MassMutual. 12/15/2023 6:35 AM
27 Due to lack of education on the above program, I have always relied on a financial advisor to 12/15/2023 12:21 AM
guide me through.
28 see previous answer. 12/14/2023 10:37 PM

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