Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Retirement Investing

Employer Survey: Retirement Plans Stable

X
Your article was successfully shared with the contacts you provided.

Most sponsors of substantial U.S. retirement plans say they are trying to keep the plans going this year.

Researchers in the Stamford, Conn., office of Towers Perrin Forster & Crosby Inc., have reported that finding in a summary of results from a February survey of 480 human resources and benefits executives at large and midsize U.S. employers.

Only 3% of the participants at employers with defined benefit pension plans said the employers intend to close the plans to new participants within the next 18 months.

Only 10% said their employers were thinking about closing the defined benefit plans.

Fewer than 10% of the participants at employers with defined contribution plans said the employers have suspended or intend to suspend making matching contributions, and only 19% said their employers are considering suspensions.

But the participants also said plan participants appear to be nervous.

Only 7% are predicting an increase in 401(k) plan participation, and 43% reported seeing increases in defined contribution plan loans and hardship withdrawals, the Towers Perrin researchers report.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.