Wray, David2023-05-232023-05-232011-09-012019-06-27https://repository.upenn.edu/handle/20.500.14332/43591This chapter explores how the US private employer-sponsored defined contribution system fared during the financial market implosion followed by a prolonged macro-economic downturn. While data are still preliminary, we conclude that many plans did well, resulting in little change in employer sponsorship and employee participation. Moreover, account balances and contributions have recovered, boding well for the future.All findings, interpretations, and conclusions of this paper represent the views of the authors and not those of the Wharton School or the Pension Research Council. © 2011 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.EconomicsWorking Paper