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Private Pensions: Most Employers That Offer Pensions Use Defined Contribution Plans

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Report Type Reports and Testimonies
Report Date Oct. 3, 1996
Report No. GGD-97-1
Subject
Summary:

In response to congressional interest in possibly changing the structure of federal employee retirement plans, this report provides information on the approaches that private sector employers are using to provide their employees with retirement benefits and the extent to which these approaches may be changing. GAO describes (1) the numbers and types of pension plans sponsored nationwide by private employers during 1984 to 1993, (3) the proportions of total contributions made to these plans by employers and employees, (3) the average administrative expense for the plans, and (4) the explanations provided in retirement literature on why employers might decide to sponsor a particular type of pension plan.

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