Higher education institutions are increasingly adoptingpractices more commonly seen in the corporate sector.

That is the central findings in the “Retirement Plans forInstitutions of Higher Education” study from TransamericaRetirement Solutions, which also found that the 403(b) plan is “nowoften the primary retirement funding tool — if not the onlyretirement funding tool — available to staff and faculty.”

The study also said that “the retirement plan market of HigherEducation institutions, once dominated by a small group of serviceproviders that enjoyed a favored status, is moving in the directionof exclusive arrangements with a single service provider selectedfor its capabilities and merits.”

The retirement outlook in higher education isn’t great: Just athird of higher education institutions estimate that “half or moreof their employees are on track to achieve a successfulretirement.”

In other words, that’s just one out of every two employees in onlyone out of every three institutions of higher learning.

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