HR Administration

Fewer Employers Match Defined Contribution Plan Deposits: SHRM Analysis

By Matt Dunning

Jun. 27, 2012

ATLANTA—The percentage of employers that match employees’ contributions to defined contribution plans has declined since 2008, according to data released this week at the Society for Human Resource Management’s 2012 Conference and Exhibition in Atlanta.

Of 550 employers surveyed in the Alexandria, Va.-based association’s study of employee benefits programs, slightly more than two-thirds indicated that they currently match their employees’ contributions, down from 75 percent five years ago.

However, 2 percent of employers said they intend to add a match feature within the next 12 months, the study showed.

Defined benefit pension plans open to new employees have dropped significantly. Currently, just 21 percent of employers have plans that are open to new employees, down from 33 percent in 2008. Another 12 percent of employers reported that their defined benefit plans were frozen and unavailable to newly hired workers at the start of this year.

Meanwhile, 34 percent of respondents now offer Roth 401(k) plans, compared with 21 percent in 2008. Under a Roth 401(k), employees make after-tax contributions, but they can withdraw those contributions and investment earnings tax-free, as long as certain conditions are met.

Matt Dunning writes for Business Insurance, a sister publication of Workforce Management. Comment below or email


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Matt Dunning writes for Business Insurance.

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