The number of workers who participated in workplace retirement plans dropped slightly in 2012 to 39.4 percent, or 61.6 million Americans. But among full-time, full-year wage and salary workers, 53.5 percent participated.
According to the Employee Benefit Research Institute, the individuals who were least likely to participate in an employer-based plan were non-white, young, female, never married, those having a lower educational attainment, lower earnings, poor health, no health insurance, those working part-time or those working in farming, fisheries or forestry occupations.
Those working for smaller firms, private-sector firms or firms in the "other" services category were also less likely to participate in a plan than their comparison groups.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.