Using a wealth of data at his fingertips, Employee Benefit Research Institute president and CEO Dallas Salisbury separates fact from fiction. In this podcast, which is an excerpt from his keynote address at Pensions & Investments' annual East Coast Defined Contribution conference, Mr. Salisbury tells the real story of companies freezing contributions to their defined contribution plans. The short answer: no. Listen to hear the whole story, plus some valuable information on whether plan participants are doing enough to prepare for their retirement.
Mr. Salisbury knows the trouble most retirement plan participants are in – and why. In this podcast, also an excerpt from his DC East keynote, he told the audience just how well participants fared during the market crisis of 2008 and early 2009. The surprise? They did better than most commentators gave them credit for. That's not to say there's room – a lot of room, in fact – for improvement. Mr. Salisbury gives us the numbers behind his findings and shows why there's room for optimism.
Going back to the data, Mr. Salisbury uncovers what DC plan participants did – or didn't do – during the financial crisis of 2008-2009. In this segment of Mr. Salisbury's DC East address, he examines the savings habits and retirement preparedness of American workers as well as what is influencing and causing the defined benefit industry specifically – and employee benefits generally – to change radically.
