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July 2009<br />SHRM Poll – The U.S. Recession and Its Impact on Employee Retirement<br />
2<br />What, if any, action related to employee investments/retirement planning is your organization MOST LIKELY to take i...
In the past 12 months, has there been an increase, a decrease or no change in the number of employees…<br />3<br />n = 328...
Decreases in household income.</li></ul>Note: Respondents who answered “Don&apos;t know” were excluded from this analysis....
4<br />Does your organization automatically enroll its employees into your organization’s defined contribution retirement ...
In your automatic enrollment plan, what is the default percentage of salary that is deferred?<br />5<br />NOTE: Percentage...
Of the employees automatically enrolled in your defined contribution retirement savings plan, approximately what percentag...
7<br />Does your organization’s defined contribution retirement savings plan include a feature that automatically increase...
Have you seen an increase in the number of employees opting out of your organization’s automatic employee deferral rate?<b...
Are employees at your organization more or less confident about the adequacy of their retirement savings now compared with...
In the past 12 months, has there been an increase, a decrease or no change in the number of employees at your organization...
What do you see as the biggest threat to the retirement savings of employees at your organization?<br />11<br />n = 521<br />
How confident are you that your organization’s retirement savings option is meeting your employees’ retirement needs?<br /...
What percentage of the employees at your current location are in each generation?<br />13<br />n = 440<br />
14<br />n = 502<br />Organization Staff Size<br />
15<br />Organization Sector<br />n = 507<br />
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Shrm Poll Retirement09 Ee Ks

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Shrm Poll Retirement09 Ee Ks

  1. 1. July 2009<br />SHRM Poll – The U.S. Recession and Its Impact on Employee Retirement<br />
  2. 2. 2<br />What, if any, action related to employee investments/retirement planning is your organization MOST LIKELY to take in the coming months in light of the current financial challenges to the U.S. economy? <br />Note: Respondents who answered “Not applicable” were excluded from this analysis. Percentage s do not total 100% as multiple response options were allowed.<br />
  3. 3. In the past 12 months, has there been an increase, a decrease or no change in the number of employees…<br />3<br />n = 328-469<br />The respondents who indicated increases in the number of employees planning to 1) extend their retirement date; 2) reduce their 401 (k) contribution; 3) suspend contribution to their 401 (k) attributed the increase to: <br /><ul><li>Fears about decline in financial security (e.g., dissatisfaction with 401(k) performance, diverting 401(k) funds/other funds to personal savings account).
  4. 4. Decreases in household income.</li></ul>Note: Respondents who answered “Don&apos;t know” were excluded from this analysis. A dash (—) indicates that this particular option was not available in 2008<br />
  5. 5. 4<br />Does your organization automatically enroll its employees into your organization’s defined contribution retirement savings plan (i.e., 401(k)), meaning that employees are placed into the plan unless they opt out?<br />Source: 2009 Employee Benefits: A Survey Report by SHRM<br />
  6. 6. In your automatic enrollment plan, what is the default percentage of salary that is deferred?<br />5<br />NOTE: Percentage does not total 100% due to rounding. Only respondents whose organization automatically enrolled employees in defined contribution savings plan where included.<br />
  7. 7. Of the employees automatically enrolled in your defined contribution retirement savings plan, approximately what percentage have opted out or chosen not to participate?<br />6<br />NOTE: Percentage does not total 100% due to rounding. Only respondents whose organization automatically enrolled employees in defined contribution savings plan where included.<br />
  8. 8. 7<br />Does your organization’s defined contribution retirement savings plan include a feature that automatically increases employees’ deferral rates (i.e., participant contribution rates are automatically increased each year)?<br />
  9. 9. Have you seen an increase in the number of employees opting out of your organization’s automatic employee deferral rate?<br />8<br />n = 307<br />Note: Excludes respondents who answered “don’t know”..<br />Organization staff size: small = 1-99 employees, medium = 100-499 employees, large = 500 or more employees<br />
  10. 10. Are employees at your organization more or less confident about the adequacy of their retirement savings now compared with six months ago?<br />9<br />n = 518<br />Note: Excludes respondents who answered “Not sure.”<br />
  11. 11. In the past 12 months, has there been an increase, a decrease or no change in the number of employees at your organization getting more involved in the management of their retirement plan?<br />10<br />n = 518<br />Note: Excludes respondents who answered “Not sure.”<br />
  12. 12. What do you see as the biggest threat to the retirement savings of employees at your organization?<br />11<br />n = 521<br />
  13. 13. How confident are you that your organization’s retirement savings option is meeting your employees’ retirement needs?<br />12<br />n = 514<br />Note: Organization staff size: small = 1-99 employees, medium = 100-499 employees, large = 500 or more employees<br />
  14. 14. What percentage of the employees at your current location are in each generation?<br />13<br />n = 440<br />
  15. 15. 14<br />n = 502<br />Organization Staff Size<br />
  16. 16. 15<br />Organization Sector<br />n = 507<br />
  17. 17. SHRM Poll – The U.S. Recession and Its Impact on Employee Retirement<br />Response rate = 12%<br />Sample comprised of 563 randomly selected HR professionals from SHRM’s membership.<br />Margin of error = +/- 5%.<br />Survey fielded the week of July 6, 2009.<br />16<br />Methodology<br />

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