Employer Plans a Major Cash Flow Source in Retirement

April 23, 2009 (PLANSPONSOR.com) - Four in 10 workers polled in the Employee Benefit Research Institute's (EBRI) latest Retirement Confidence Survey say the anticipate their employer-sponsored retirement savings plan will be a major contributor to their retirement income stream

EBRI said in addition to the 42% pointing to their workplace plan, 32% mention Social Security and 28% expect their defined benefit pension plan will be a major contributor to their post-work cash flow.

Workers who have saved for retirement are more likely than nonsavers to expect major retirement income from workplace savings, pensions, and IRAs. Conversely, nonsavers are more likely to say Social Security and employment will be major sources of retirement income.

More information is available at http://www.ebri.org/pdf/briefspdf/EBRI_IB_4-2009_RCS1.pdf .

align="center"> Have Saved for Retirement

align="center"> All Workers

align="center"> Yes

align="center"> No

An employer-sponsored retirement savings plan, such as a 401(k)

align="center"> 42%

align="center"> 49%

align="center"> 20%

Social Security

align="center"> 32

align="center"> 26

align="center"> 51

An employer-provided traditional pension or cash balance plan

align="center"> 28

align="center"> 31

align="center"> 20


align="center"> 26

align="center"> 20

align="center"> 42

Other personal savings or investments, not in a work-related retirement plan

align="center"> 25

align="center"> 27

align="center"> 20

An individual retirement account (IRA)

align="center"> 24

align="center"> 28

align="center"> 13

Source: Employee Benefit Research Institute and Mathew Greenwald & Associates, Inc., 2009 Retirement Confidence Survey.