Defined contribution plan sponsors are taking measures to revive their plans after a tumultuous period.
According to investment consulting firm Callan Associates, of the plan sponsors that reduced or eliminated company contributions to their plan during the past two years (nearly 20 percent), 58 percent intend to reinstate them over the next 12 months. Nearly one-third had restored them partially or completely–and 75 percent of those reinstated company contributions at full prior levels. Further, for 2011, none of the plan sponsors surveyed advised that they will reduce or eliminate the company match.
Plan sponsors are also focused on more automatic features. Adoption of automatic enrollment increased from 43.9 percent in 2009 to 51.3 percent in 2010.
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