10% of employers surveyed indicated they reduced or eliminated retirement benefits as a cost-cutting measure in the past 12 months.
"With so many employers having to take the unfortunate step of layoffs as a cost-cutting measure, it is encouraging that so many are still committed to preserving current levels of retirement benefits for the employees they are able to retain."
-- Catherine Collinson
"When we asked people what would most help them understand their employer-provided benefits, the top two answers were providing simple materials (36%) and having access to one-on-one support (22%)."
- Jamie Ohl, The Hartford
24% The overall percentage of employers that made any change to their retirement plans in the last 12 months (consistent with past surveys).
34% of Americans have little or no understanding of their retirement plan
74% have less than complete understanding Source: The Hartford
