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Although the retirement system in the United States appears to be stable, the system is actually quite vulnerable to financial disruptions and economic shocks. This is according to the inaugural Retirement Plan Landscape Report produced by Morningstar.
Loss of thousands of plans yearly
The report findings indicate the retirement system loses thousands of plans and billions in assets each year and depends on the creation of new plans to balance out those losses. Between 2011 and 2020, the U.S. defined contribution plan system lost 380,000 plans, almost all from plans with fewer than 100 participants, which accounted for 93 percent of plan terminations and 97 percent of newly created plans, the report said.
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