Conditions at defined contribution retirement plans may be starting to deteriorate at a steady rate, rather than at a rapidly accelerating rate.
Analysts at the International Foundation of Employee Benefit Plans, Brookfield, Wis., have published statistics supporting that conclusion in a summary of results of a series of surveys of about 850 IFEBP members, holders of IFEBP’s Certified Employee Benefits Specialist designation, and current participants in the CEBS certification program.
The IFEBP conducted the surveys in October 2008, May 2009 and September 2009.
In October 2008, 28% of the participants said employees were cutting defined contribution plan contributions.