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

Retirement Plan Participation Falls

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

Employers are continuing to offer retirement plans, but fewer workers are enrolled in the plans.

Researchers at the Employee Benefit Research Institute, Washington, have published figures supporting that conclusion in an analysis based on new data for 2004 from a federal survey.

In 2004, about 61% of workers said their employers sponsored a retirement plan, the EBRI researchers report.

The percentage of workers at employers with retirement plans is about the same as it was in 1992, the researchers write.

But the percentage of workers who say they are in a retirement plan fell to 46% in 2004, from 49% in 2001, when the federal government conducted the previous survey in the series, EBRI researchers report.

Meanwhile, only 44% of the workers in retirement plans have a defined benefit plan. About 56% of workers in plans have only a 401(k) plan or other defined contribution plan, the 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.