Table 20. Standard errors for life insurance plans: Fixed multiple of annual earnings benefit formulas, private industry workers, National Compensation Survey, March 2011
|
Characteristics
|
Multiple of annual earnings amounts1
|
Mean multiple of annual earnings
|
Median multiple of annual earnings
|
Less than 1.0 times earnings
|
1.0 times earnings
|
Over 1.0 and under 2.0 times earnings
|
2.0 times earnings
|
Greater than 2.0 times earnings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Management, professional, and related
|
|
|
|
|
|
|
|
Management, business, and financial
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office and administrative support
|
|
|
|
|
|
|
|
Natural resources, construction, and maintenance
|
|
|
|
|
|
|
|
Construction, extraction, farming, fishing, and forestry
|
|
|
|
|
|
|
|
Installation, maintenance, and repair
|
|
|
|
|
|
|
|
Production, transportation, and material moving
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation and material moving
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average wage within the following categories:3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Establishment characteristics
|
|
|
|
|
|
|
|
Goods-producing industries
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Service-providing industries
|
|
|
|
|
|
|
|
Trade, transportation, and utilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation and warehousing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit intermediation and related activities
|
|
|
|
|
|
|
|
Insurance carriers and related activities
|
|
|
|
|
|
|
|
Real estate and rental and leasing
|
|
|
|
|
|
|
|
Professional and business services
|
|
|
|
|
|
|
|
Professional and technical services
|
|
|
|
|
|
|
|
Administrative and waste services
|
|
|
|
|
|
|
|
Education and health services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Junior colleges, colleges, and universities
|
|
|
|
|
|
|
|
Health care and social assistance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accommodation and food services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1Includes participants in plans in which insurance equaled a multiple of earnings plus or minus a specified amount.
|
3The categories are based on the average wage for each occupation surveyed, which may include workers with earnings both above and below the threshold. The average wages are based on the estimates published in the "National Compensation Survey: Occupational Earnings in the United States, 2010." See Technical Note for more details.
|
2Less than 0.05.
|
NOTE: Dash indicates no workers in this category or data did not meet publication criteria. For definitions of major plans, key provisions, and related terms, see the "Glossary of Employee Benefit Terms" at www.bls.gov/ncs/ebs/glossary20102011.htm.
|
|