As baby boomers are planning to retire in the next five years, nonprofit organizations are readying for the challenges ahead. And two-thirds say they anticipate feeling the effects, according to a new survey from the Plan Sponsor Council of America and Principal Financial Group.
The survey, which includes responses from 403(b) plan sponsors, also reveals that 69% of respondents expect to hire new employees to fill retirees’ old roles, but it won’t be easy as 38% of respondents anticipate facing recruiting difficulties.
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