More hospitals contributed to their employees' retirement accounts in 2003 than in 2002, as the percentage of hospital retirement plans offering no contribution at all fell to 11% in 2003 from 14% the preceding year, according to a survey by the American Hospital Association and Diversified Investment Advisors. Some 45% of hospitals surveyed offered to match employee contributions dollar for dollar or at a percentage rate. Employee participation in plans with a dollar-for-dollar match was nearly 73%, compared with 58% in plans offering a 50% match. The survey, conducted in 2004, involved 282 hospitals and asked about their primary defined contribution plan. -- by Susanna Moon
More hospitals contribute to workers' retirement
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