Collective Bargaining Status of Pension Plans,
Participants, and Assets by type of plan, 1996 |
|||||||||
Collective Bargaining Status |
Total Plans | Defined Benefit | Defined Contribution | ||||||
Number of Plans |
Total Participants (thousands) |
Total Assets (millions) 1/ |
Number of Plans |
Total Participants (thousands) |
Total Assets (millions) 1/ |
Number of Plans |
Total Participants (thousands) |
Total Assets (millions) 1/ |
|
TOTAL | 696,224 | 91,716 | $3,136,281 | 63,657 | 41,111 | $1,585,397 | 632,566 | 50,605 | $1,550,884 |
Collectively bargained plans |
16,298 | 28,730 | 1,068,864 | 8,311 | 19,614 | 813,765 | 7,987 | 9,116 | 255,100 |
Noncollectively bargained plans |
679,926 | 62,987 | 2,067,416 | 55,346 | 21,497 | 771,632 | 624,579 | 41,490 | 1,295,784 |
1/ Asset amounts shown exclude funds held by life insurance companies under allocated insurance contracts for payment of retirement benefits. These excluded funds make up roughly 10 to 15 percent of total pension fund assets. |
NOTE: Some collectively bargained plans cover nonbargaining unit employees under a separate non-negotiated benefit structure. |
SOURCE: Form 5500 series reports filed with the Internal Revenue Service for plan years beginning in 1996. |