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The pace of retirement plan changes among FORTUNE 100 companies is stabilizing, and a majority still offer pension plans to their new employees.
A Watson Wyatt analysis of retirement plan sponsorship among FORTUNE 100 companies found that more than half (54 firms) offer a defined benefit (DB) pension plan to newly hired, salaried workers. Following a decline in DB plan sponsorship in the early 2000s, the rate of plan changes slowed after passage of the Pension Protection Act in 2006. But with proposed hybrid plan regulations not final until 2009, it could take several years to see the full effect of these encouraging developments for DB plans.
Of the 54 DB pension plans sponsored by FORTUNE 100 companies, 28 are traditional plans and 26 are hybrid plans. Most companies that sponsor a DB plan also offer their new employees a defined contribution (DC) plan, and 46 firms have moved to a DC-only approach.
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