The percentage of workers participating in an employment-based retirement plan increased in 2013 for the first time since 2010, according to a new report by the nonpartisanResearch Institute (EBRI).
It wasn’t much of an increase, but it was encouraging nonetheless, EBRI contended. The percentage of all workers participating in an employment-based retirement plan increased to 40.8% in 2013, up from 39.7% in 2010. The number of workers participating rose to 64.2 million in 2013, the highest number since 2007.
EBRI found that retirement plan participation was at its highest level since the recession began in 2008. An EBRI statement said the increases reflect the slowly improving national economy and employment rate in the aftermath of the recession.