risk button (Photo: Bigstock)

A new survey from Vanguard finds that sponsors of pension plans say they value lower-risk plans, but don’t always succeed in avoiding risk in their plan design. The report suggests that sponsors of plans may have trouble understanding the level of risk they are taking. The survey also found a continuation of the trend showing that pension plan sponsors are continuing to adjust their plans in ways designed to reduce liability and risk.

The new report is the fifth in a continuing series of surveys, going back to 2010. The survey included responses from decision-makers at 117 organizations that sponsor corporate pension plans. The report’s authors said that the information gathered represented a wide range of plans in terms of size, status, and plan design.

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