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News of their death may have been premature

After years on the endangered species list, defined benefit (DB) plans have halted what many considered their slide toward extinction, according to two new surveys by benefits consultant Watson Wyatt Worldwide.

By Staff Writer | Updated on September 11, 2007

After years on the endangered species list, defined benefit (DB) plans have halted what many considered their slide toward extinction, according to two new surveys by benefits consultant Watson Wyatt Worldwide.

One survey showed that the percentage of Fortune 1,000 plan sponsors that froze DB plans in 2007 dropped to 4% from 7% in 2006–on par with the 4% that were frozen in 2005. A second study of 300 organizations with pension plan assets of more than $100 million found that 59% have made a formal decision to keep their plans open to current participants and new employees.

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