FastFact from EBRI: Retirement Plan Participation Lowest in South, West
December 1, 2011
Wage and salary workers in the South and West have the lowest participation levels in employment-based retirement plans, while workers in the upper Midwest, Mid-Atlantic, and Northeast had the highest levels, according to a new analysis from EBRI.
Using the most recent data from the U.S. Census Bureau’s March 2011 Current Population Survey, EBRI finds that full-time, full-year wage and salary workers ages 21−64 in Florida had the lowest percentage participating in a retirement plan, at 43.7 percent. In contrast, West Virginia had the highest participation level, at 64.4 percent.
The complete FastFact from EBRI, including a state-by-state breakdown, is online here.
The complete report on retirement participation in the United States was published in the October EBRI Issue Brief, online here.
A state-by-state breakdown of the data is below.