The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Traditional pension plans saw $40 billion boost in 2003

Corporate sponsors of large traditional pension plans contributed more than $40 billion to those plans in 2003 according to a survey conducted by the Committee on Investment of Employee Benefit Assets (CIEBA), an affiliate of the Association for Financial Professionals (AFP). The $44 billion in 2003 contributions was more than double the contributions made in 2002 ($21 billion) and four times the average contribution for the previous four years.

CIEBA represents the country's largest retirement funds and its members manage more than $1.1 trillion. The survey assessed 103 corporate plan sponsors responsible for the management of $686 billion in pension assets and $436 billion defined contribution (DC) plan assets. The plans in the survey cover 9.4 million DB plan participants and 5.3 million DC plan participants. Most CIEBA members (95% of those surveyed) sponsor both defined benefit and defined contribution plans. Eighty-three (83) percent of the plan sponsors covered by the survey made a contribution to their defined benefit (DB) plan(s) in 2003.

For defined contribution plans, employer and employee contributions per active employee increased for the ninth consecutive year. The combined total per employee was $7,047 in 2003 compared to $6,600 in 2002.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?