Defined benefit frozen retirement plans: Selected attributes

Table 6. Defined benefit frozen retirement plans:1 Selected attributes,
private industry workers,  National Compensation Survey, March 2011

(All workers participating in frozen defined benefit plans = 100 percent)

Characteristics

Time since plan closed to new workers or
stopped accruing benefits

1 year

2 to 5 years

Greater than
5 years

All workers

4

58

38

Worker characteristics

      

Management, professional, and related

4

60

36

    Management, business, and financial

2

59

39

    Professional and related

5

60

34

Service

7

39

54

Sales and office

3

57

39

    Office and administrative support

5

59

37

Natural resources, construction, and maintenance

–

71

–

    Construction, extraction, farming, fishing, and
     forestry

–

73

–

    Installation, maintenance, and repair

–

70

–

Production, transportation, and material moving

–

57

–

    Production

4

65

32

    Transportation and material moving

–

48

52

Full time

4

58

38

Part time

6

53

41

Union

7

61

32

Nonunion

3

57

40

Average wage within the following categories:2

      

    Lowest 25 percent

–

59

–

    Second 25 percent

5

50

45

    Third 25 percent

5

55

41

    Highest 25 percent

3

62

34

        Highest 10 percent

2

63

35

Establishment characteristics

      

Goods-producing industries

–

58

–

    Manufacturing

–

58

–

Service-providing industries

4

58

38

    Trade, transportation, and utilities

–

57

43

        Wholesale trade

–

75

25

        Transportation and warehousing

–

–

84

    Information

–

63

–

    Financial activities:
       Finance and insurance:
           Insurance carriers and related activities

–

52

–

    Education and health services

–

46

–

        Educational services

–

73

–

            Junior colleges, colleges, and universities

–

73

–

        Health care and social assistance

–

–

45

1 to 99 workers

–

58

–

    1 to 49 workers

–

57

–

    50 to 99 workers

–

60

–

100 workers or more

4

58

38

    100 to 499 workers

3

57

40

    500 workers or more

5

58

36

Geographic areas

      

New England

–

55

–

Middle Atlantic

5

59

36

East North Central

–

52

–

West North Central

–

52

–

South Atlantic

–

59

–

East South Central

–

56

–

West South Central

–

67

–

1Plans closed to new workers or plans that
cease accruals for some or all plan participants.


NOTE: Because of rounding, sums of individual
items may not equal totals. 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.

2The 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.