Talking Points
Tired of giving the same old presentations? Use these nuggets of information to spruce them up.
Reported by PLANADVISER Staff
-Peter Drucker
•The number 40 is the only number that, in the English language, has all of its letters in alphabetical order.
•58 MILLION U.S. WORKERS HAVE NO RETIREMENT PLAN ACCESS
A study prepared for the U.S. Small Business Administration (SBA) found that nearly 72% of workers in small companies (those with fewer than 100 workers) have no retirement plan available. In general, the study found, 58 million workers―nearly half of the entire U.S. workforce―have no workplace retirement plan access.
•Research conducted by Grant Thornton LLP, Drinker Biddle & Reath LLP, and Plan Sponsor Advisors found that one-fourth (26%) of employers have either scaled back their retirement plan contributions or eliminated the company match altogether in an effort to reduce costs. Among those that have scaled back or eliminated contributions, 53% have not yet decided whether to return to previous levels in 2010, and 33% have no plans to do so.
• A study by the Society of Actuaries (SOA) found that the proportion of individuals planning to save money and work as much as possible is statistically unchanged since the economic downturn. In 2009, as in 2007, almost one-third of pre-retirees said that retirement will not really apply to them. Of that group, 31% said they will be financially unable to retire and almost a fourth (23%) said they will choose to continue working.