Employment-Based Retirement Plan Participation: Geographic Differences and Trends, 2011

Source: Craig Copeland, Employee Benefit Research Institute, EBRI Issue Brief #378, November 2012

…For both current and future retirees, an important source of additional income in retirement is an employment-based retirement plan. Therefore, understanding the percentage of workers currently participating in an employment-based retirement plan provides critical insight into retirees’ likely future financial status.

In 2011, the percentage of workers participating in an employment-based retirement plan was essentially unchanged from a year earlier. Specifically, the percentage of all workers participating in an employment-based retirement plan moved from 39.6 percent in 2009 to 39.8 percent in 2010 to 39.7 in 2011, while the percentage of full-time, full-year wage and salary workers ages 21-64 (those most likely to be offered a retirement plan at work) saw a slight decline, from 54.5 percent in 2010 to 53.7 percent in 2011. While the overall level of participation was slightly downward, various categories of workers experienced increases in 2011….
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