June 11, 1999 (The Editor’s Desk is updated each business day.)
Savings and thrift plans in small
private establishments
In small private establishments in 1996, about a quarter of
full-time workers participated in savings and thrift plans. Participation in these plans
varied by occupation—blue-collar and service employees were the least likely to
participate.
![Participation in savings and thrift plans, full-time employees, small private establishments, 1996](https://webarchive.library.unt.edu/web/20120924195127im_/http://www.bls.gov/opub/ted/images/1999/Jun/wk2/art05.gif)
[Chart data—TXT]
In 1996, 32 percent of professional and technical employees and 29 percent of clerical
and sales employees participated in a savings and thrift plan. Only 16 percent of
blue-collar and service employees were participants in such a plan.
In savings and thrift plans, employees may contribute a predetermined portion of
earnings to an account. Savings and thrift plans allow employees to choose from a range of
contribution rates. The average maximum contribution for all occupations in 1996 was 14
percent.
The Employee Benefits Survey produces data on participation
on a variety of non-wage compensation items. More information on benefits in small firms
is available in Employee Benefits in Small Private Establishments, 1996 BLS
Bulletin 2507, (PDF 530K).
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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Read more »
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