Half of Pension Plans Still Active

Just 1% of companies surveyed by SEI say they’re terminating their plans.

Just under half of companies with defined-benefit pension plans have plans that are active and open to new hires, according to a survey from investment manager SEI. Its poll of around 150 companies of various sizes shows 47% report having active plans, while 24% say their plans are closed to new entrants and 28% have plans that are frozen—closed to new entrants with participants not accruing benefits.

These numbers closely mirror SEI’s previous survey in January, which showed 46% of plans were active, 29% closed and 24% frozen. In both surveys, only 1%of companies were in the process of terminating their plans.

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