Close Close

Retirement Planning > Retirement Investing

Employer Survey: Retirement Plans Stable

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.