We asked 285 HR managers: What type of retirement plan does your employer offer? Here’s how they answered.
71%: 401(k)
11%: Traditional pension
9%: IRA
9%: Don’t offer a retirement plan
The traditional pension is becoming less traditional all the time. Further proof: A survey by the Pension Research Council shows that in 1980, 40% of workers who had an employer-sponsored retirement plan said they were in a traditional pension plan.
And the surge in 401(k) and IRA investors shows just how vulnerable retirement plans — and the people covered by them — are to the ups and downs of the stock market.
