CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Retirement Plan Participation

Definition

Percentage of wage and salary workers (ages 21-64) who participated in an employment-based retirement plan, 2010.

Description

Participation in payroll‐based retirement plans, i.e., pension plans or 401(k)s, is one of the most successful ways to save for retirement. Not all employers offer the opportunity to enroll in a retirement plan; small employers and employers in low-wage industries often do not provide retirement benefits to their employees. Even when given the option to enroll in a plan, many employees, daunted by the complicated nature of researching and enrolling in plans and investment portfolios, fail to initiate the process.

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Retirement Plan Participation

StatePercent of Workers Participating in
Employment-Based Retirement Plan (%)		Rank
United States  44.9%   
Alabama  43.2%  38 
Alaska  52.3%  4 
Arizona  41.0%  44 
Arkansas  41.6%  41 
California  41.1%  43 
Colorado  43.7%  36 
Connecticut  50.3%  12 
Delaware  49.0%  20 
District of Columbia  52.1%  6 
Florida  36.7%  51 
Georgia  39.8%  48 
Hawaii  48.6%  22 
Idaho  43.5%  37 
Illinois  46.0%  30 
Indiana  48.3%  24 
Iowa  52.3%  4 
Kansas  53.4%  3 
Kentucky  48.1%  25 
Louisiana  38.4%  49 
Maine  46.9%  29 
Maryland  49.5%  15 
Massachusetts  49.2%  18 
Michigan  44.5%  34 
Minnesota  52.1%  6 
Mississippi  40.0%  47 
Missouri  50.2%  13 
Montana  45.8%  31 
Nebraska  45.8%  31 
Nevada  37.0%  50 
New Hampshire  48.7%  21 
New Jersey  41.7%  40 
New Mexico  41.0%  44 
New York  44.8%  33 
North Carolina  47.2%  28 
North Dakota  54.2%  1 
Ohio  49.2%  18 
Oklahoma  47.4%  27 
Oregon  49.6%  14 
Pennsylvania  51.4%  9 
Rhode Island  48.4%  23 
South Carolina  40.4%  46 
South Dakota  50.6%  11 
Tennessee  41.8%  39 
Texas  41.3%  42 
Utah  43.9%  35 
Vermont  49.4%  16 
Virginia  49.4%  16 
Washington  47.8%  26 
West Virginia  54.2%  1 
Wisconsin  51.9%  8 
Wyoming  51.1%  10 

Source

Copeland, Craig. Issue Brief No. 363: Employment-Based Retirement Plan Participation: Geographic Differences and Trends, 2010. Washington, DC: Employee Benefit Research Institute, 2011.

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