DOL Report on Private Plans

EBSA issues its Private Pension Plan Bulletin abstract of 2015 culled from 5500 reports.

Document Excerpt

Number of Pension Plans and Participants6
􀁸 The total number of pension plans grew again in 2015 to
approximately 694,000 plans, a 1.3 percent increase over
2014. The number of DC plans grew by 1.2 percent.
Despite the long-term trend away from DB plans described
above, the number of DB plans increased in 2015 by 1.8
percent. (See Historical Publication Table E1.)

􀁸 The growth in participants of 1.8 percent to 134.9 million
was larger than the increase in the number of plans
between 2014 and 2015. However, this increase was
composed of a 3.0 percent increase in DC plan
participation and a 1.2 percent reduction in DB plan
participation. (See Historical Publication Table E4.)

􀁸 Of the 134.9 million total participants in private pension
plans, 92.5 million were active.7 The ratio of active to total
participants increased slightly from 67.9 percent in 2014 to
68.6 percent in 2015. (See Historical Publication Tables E4
and E7.)

􀁸 The number of 401(k) type plans increased yet again in
2015 by 2.5 percent, from 534,000 to 547,000. There were
65.3 million active participants in 401(k) type plans. (See

Link

https://www.dol.gov/sites/default/files/ebsa/researchers/statistics/retirement-bulletins/private-pension-plan-bulletins-abstract-2015.pdf

About Us

Benefits Forward is a news site for professionals in the field of employee benefits. Our goal is to provide the latest information about the benefits field and to host a community discussion regarding related issues.

Seminars, Conferences & Other Events

  • Sorry, there are no articles in this category.

Need Help Correcting Plan Errors?

Contact us for either consultation on how you can Self Correct or to propose cost effective correction methods using VCP. Or contact us to submit under VCP on your behalf or on behalf of your client. Contact us by email.