Filed Under:Markets, Employee Benefits

Principal Survey: More than 6 in 10 Employees Contributed to a 403(b) Plan in 2011

Photo credit: tungphoto
Photo credit: tungphoto

An average of 64.3% of employees eligible to participate in their organization’s 403(b) plan made contributions to the plan in 2011, new research reveals.

Principal Financial Group Inc., Des Moines, Iowa, published this finding in a summary of results from a survey of 403(b) plan sponsors. Conducted by Plans Sponsor Council of America (PSCA) and sponsored by Principal Financial, the survey polled 584 organizations with 403(b) plans, the number of plan participants ranging from one to more than 1,000.

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Nichole Morford

Nichole Morford
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