"Employers believe the economy is now working its way toward recovery and that the long-term effects of the financial crisis are not as severe as originally thought. At the same time, employers and employees have stepped up their efforts to reduce risk exposure in their retirement plans in hopes of a secure future."
- Sally Natchek, Senior Director of Research at the International Foundation of Employee Benefit Plans.
The opinion of 67% of retirement plan sponsors, a majority of their employees think the financial crisis will have a moderate, minimal or no long-term impact on their retirement plans.
90% of responding employers do not expect to increase hiring in the next six months.
87% of respondents are in agreement that the path to economic recovery will be much slower than previous recessions.
2 in 5 employers believe the worst is over and do not anticipate making further cuts.
