Transamerica: More than Three-Quarters of Workers Fund an Employer-Sponsored Retirement Plan
May 21, 2012 by Warren S. Hersch
By Warren S. Hersch
MAY 16, 2012 •
More than three in four workers continue to fund an employer-sponsored retirement plan, according to a new report.
Transamerica Center for Retirement Studies, Los Angeles, disclosed this finding in its 13th Annual Transamerica Retirement Survey. The online survey polled a nationally representative sample of 3,609 full- and part-time workers ages 18 or older using a Harris online panel.
Despite the Great Recession, the report says, workers remain committed to saving for retirement in company-sponsored 401(k) plans and similar arrangements. The participation rate in employee-funded retirement savings plans is 77%, down marginally from the 2011 rate of 78%, but on part with rates in 2007, 2009 and 2010. Click here to read more…