Page 99 - DCAC February 2024 Files

County of San Mateo Deferred Compensation Program Participant Survey 2023

115 No 11/21/2023 5:00 PM
116 I have my own personal Financial Advisor so I really do not utilize many of the Empower 11/21/2023 4:56 PM
advisory services or informational material.

117 The new platform seems to have far greater resources than the old platform. But the one thing 11/21/2023 4:55 PM
I liked about the old platform was that it treated the Traditional and Roth 457 accounts as 2
different accounts when it comes to fund allocation. I was able to have a fund allocation in my
Traditional that was completely different from the fund allocation in the Roth account. This to
me provided additional diversification. The new platform does not. I ended up opening a
Brokerage Account for my Roth Account to have this freedom. Also, maybe educate
participants in the plan about the brokerage account. I didn't know about the option until I saw
it in the empower site. I had to educate myself prior to opening the account like fees involve in
having one open or tax consequences. If you're going to provide the option, you should at least
provide information. Thanks.
118 N/A 11/21/2023 4:54 PM
119 Thank you for including target date funds and low cost funds from Vanguard and Fidelity. 11/21/2023 4:37 PM

120 I am retiring at the end of January. If I had understood the program, I would have invested 11/21/2023 4:33 PM
much earlier in my career. I didn't understand how it worked at all.
121 appreciate the program - super easy to save for retirement and the Empower staff are great 11/21/2023 4:32 PM

122 Now is the time to start getting ahead of the game by providing a Bitcoin option. 11/21/2023 4:31 PM
123 Wish there was some sort of a 'joint' account that could be contributed to by me and my 11/21/2023 4:31 PM
spouse as we both have SamCera and deferred investments and it would make it much easier
but he works for SMCMVCD
124 continue to ask for feedback 11/21/2023 4:30 PM
125 not at this time 11/21/2023 4:30 PM

126 the fees should be transparent and easy to find when looking to invest and the general fund 11/21/2023 4:29 PM
should also reflect the annual percent the employee should anticipate - shouldn't have to read
the fine print to see

127 Please stick to funds with expense ratios of no more than .07. Also it should be possible to 11/21/2023 4:28 PM
rebalance within traditional only, or Roth only, without affecting each other. It's absurd that this
is not possible.

128 Disappointed in the cost in fees and the high interest rate to borrow from your own account at 11/21/2023 4:26 PM
the Deferred Comp.I would like to borrow money to pay property taxes on Dec 1, & repay the
loan Jan 2. ALSO: after age 65 on Medicare. No medical insurance benefit to offer. Would be
nice to have secondary insurance. Hard to find employees?...don't overlook those working past
65!
129 no 11/21/2023 4:23 PM

130 Thank you for gathering our feedback. 11/21/2023 4:17 PM
131 How do you sleep at night. 11/21/2023 4:13 PM
132 No 11/21/2023 4:08 PM

133 Thank you for all the hard work that goes into the program! :) 11/21/2023 4:08 PM
134 A lot of this information you could have gotten from Human Resources. 11/21/2023 4:08 PM
135 I would like more information about deciding whether the traditional 457 or the Roth 457 is a 11/21/2023 4:06 PM
better option.
136 would love if we could have a match 11/21/2023 4:06 PM
137 Nope 11/21/2023 4:05 PM

138 Are our dividends re-invested automatically? I can't find where to elect that option myself on 11/21/2023 4:03 PM
the website
139 More investment options. Options to optout of samcera and choose for contributions to other 11/21/2023 4:02 PM

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