While coverage by some sort of retirement plan is holding fairly steady in recent years, defined benefit plans are increasingly falling by the wayside and giving way to defined contribution plans.
That's according to a Towers Watson report that analyzed statistics on both coverage by and contributions to retirement plans from 2001–2013.
While there's been a slight drop in overall retirement plan coverage from 70 percent in 2001 to 68 percent in 2013, the analysis says that particular difference is "more likely due to sampling errors than to a drop in participation."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
