Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 14th, 2016
Benefits & Administration
Retirement Plan Access Differs by Demographics
Overall, 58% of private sector workers have access to a plan, while 49% participate in one, according to an analysis by The Pew Charitable Trusts based on a pooled version of the Census Bureau’s Current Population Survey (CPS). Wide differences in access to and participation in employer-based retirement plans exist across states, with variations by employer size and industry type as well as by workers’ income, age, education, race and ethnicity, according to Pew’s report.Read more >