However, 31 percent of respondents said they are more likely to consider closing their plans today than they were 18 months ago, up from 11 percent in 2008. Similarly, 50 percent said they are more likely to consider freezing their plans to existing participants, surging from just 17 percent in 2008.
Twenty percent of the companies surveyed were more likely than last year to consider delegating their entire investment policy to professional advisors, up sharply from 4 percent the year before.
Almost 40 percent reduced their equity exposure over the past year and 37 percent increased their holdings of corporate bonds.
Also, 15 percent implemented “dynamic investment policies,” rebalancing their asset allocation policies as their plans’ funding status improves.
The survey was conducted in September and October.