Source: Watson Wyatt, July 23, 2007
From the press release:
The rate of pension plan freezes among FORTUNE 1000 firms has slowed, and the majority of companies with defined benefit plans are committed to keeping them. These are the findings of two new studies by Watson Wyatt Worldwide, a leading global consulting firm. An analysis of pension plan sponsorship among FORTUNE 1000 companies shows that the share of plan sponsors freezing their plans dropped from 7 percent in 2006 to 4 percent in 2007. New freezes reached their highest levels in 2006, when 42 additional firms on the FORTUNE 1000 list had frozen plans.