Of the nation’s 100 largest companies, only 31 offer traditional pension plans, according to a study by Watson Wyatt Worldwide, the Associated Press reports. In 2005, 35 of the 100 largest companies offered pension plans. In 1985, 89 did.
And more than 40%, or 42 companies, offer new workers only the choice of a defined contribution plan. By comparison, 37 offered DC plans in 2005 and only 10 did so in 1985.