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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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The National Concerns of Plan Participants

 Plan participants tell Spectrem what concerns them among the most worrisome national issues.  

| BY Kent McDill

On a national scale, there are enough problems on both a societal and financial platform that an alert American can spend all of their time worried about something.

Plan participants have their own financial concerns, but when it comes to the national stage, their concerns range from matters of politics to financial matters that could end up affecting their own bottom line.

Spectrem’s latest defined contribution market report Financial Behaviors and the Participant’s Mindset looks at what plan participants think in regards to the national issues of the day that are playing out across the country.

Leading the way in terms of responses is the political environment in the United States. Among plan participants, 74 percent said the political environment is one of their national concerns, and there isn’t any reason to believe that environment is going to improve any time soon.  This concern was higher when the plan participant balance is higher, up to 88 percent among those with between $350,000 and $750,000 in their plan.

(In general, the lower the plan balance, the lower the concern, although there are instances in which participants with low balances have greater concern, such as with the low interest rates on savings.)

The older the plan participant, the higher their concern over the political environment, reaching 88 percent of World War II-era participants.

The next highest concern (72 percent) was registered over government gridlock and tax increases. Tax increases were a higher concern for older participants until they reached the World War II era (age 71 and older). Females had a higher level of concern over tax increases than men did (76 percent to 66 percent).

Government gridlock followed age segments and plan balances segments, with concern higher as age or balance got higher.

National debt (65 percent), stock market performance (64 percent), terrorism (62 percent), inflation (61 percent) and low interest rates on savings (61 percent) all had similar concern levels. The higher plan balance participants had higher concern than others about terrorism and the ISIS threat.

Baby boomers had a high level of concern over stock market performance (77 percent), inflation (69 percent), and low interest rates on savings (75). Concern over those issues dropped among World War II-age participants.

The issue with the lowest rate of concern was an increase in interest rates (46 percent). Females express this concern much more than men (51 percent to 39 percent) and there is a steep dropoff as plan balances increase (from 51 percent to 35 percent).


About the Author

Kent McDill

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.