While some reports indicate that for-profit organizations are struggling to make retirement plan contributions on behalf of employees, their nonprofit counterparts are doing rather well, a new survey says. The Plan Sponsor Council of America and the Principal Financial Group say that both participation and contributions to 403(b) plans were up in 2012.
The PSCA says its survey, now in its fifth year, is the only comprehensive one to cover retirement trends for public schools and other not-for-profit firms. Most 403(b) organizations contributed to their plans in 2012, the PSCA reports, with the average contribution nearly 10% higher than in 2011.
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