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Retirement Plan Coverage and Contributions for U.S. Workers, 2001-2013
Towers Watson
May 15, 2015 "Overall retirement plan coverage (DB and DC) has remained stable over the last 13 years: 70% in 2001 and 68% in 2013 ... DB-only plan coverage continued its longstanding decline -- from 16% of workers in 2001 down to 9% in 2013.... Over the same period, the percentage of workers covered only by DC plans climbed from roughly 41% to 48%.... DC plan participation rates -- the percentage of workers with DC account balances greater than zero -- generally increased with age up to 60 or so ... Average worker contributions to DC plans as a percentage of earnings generally increase with age[.]" MORE >> |
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