(Photo: Shutterstock)
Nonprofit companies are seeing some signs of a decrease in retirement savings, after participant rates hit an all-time high for retirement savings plans in 2021, a new survey of employers has found.
The new research, released by the Plan Sponsor Council of America (PSCA) and sponsored by Principal Financial Group, has both good news and bad: retirement savings and employee financial wellness education has gone up, but concerns about inflation threaten to hold back further growth. The PSCA report found that nearly 20% of 403(b) plan sponsors in the survey saw a decrease in deferral rates after a record high rate of saving (6.9% of pay) in 2021. The analysis attributed the decrease to concerns about inflation and higher costs of living.
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
© 2025 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.
