The percentage of all workers participating in employment-based retirement plans was 41.5% in 2007, up from 39.7% a year earlier, according to an EBRI study.
Among full-time workers ages 21 to 64, 55.3% were in an employment-based plan in 2007, up from 52.7% the previous year, according to a news release on the study issued by the Employee Benefit Research Institute, Washington.
Other findings in the study were:
• 63.9% of workers ages 55 to 64 were in a retirement plan in 2007, compared to 28% of workers ages 21-24;
• 57% of full-time female workers participated in a plan in 2007, compared to 54% of male workers; and
• Florida had the lowest representation of workers participating in plans in 2007, at 42%. Wisconsin had the highest participation rate, at 68%.
The study is available on EBRI’s website, http://www.ebri.org.
