Life insurance plans: Flat-dollar amount benefit formulas Standard Errors

Table 16. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1 private
industry workers, National Compensation Survey, March 2008

(Includes workers participating in life insurance plans with flat-dollar amount formulas)

Characteristics

Flat dollar amounts2

10th
percentile

25th
percentile

50th
percentile
(median)

75th
percentile

90th
percentile

All workers

$2,320.80

$0.00

$0.00

$0.00

$0.00

Worker characteristics

         

Management, professional, and related

0.00

500.10

3,940.10

0.00

0.00

    Management, business, and financial

0.00

5,477.80

4,246.40

0.00

0.00

    Professional and related

2,495.60

0.00

4,449.10

7,448.90

0.00

Service

0.00

3,045.00

0.00

2,066.40

7,780.50

Sales and office

4,400.20

0.00

1,121.70

0.00

0.00

    Sales and related

0.00

0.00

0.00

781.00

18,014.40

    Office and administrative support

0.00

589.70

5,014.70

2,604.50

0.00

Natural resources, construction, and maintenance

0.00

0.00

0.00

0.00

883.60

    Construction, extraction, farming, fishing, and
     forestry

3,426.70

0.00

0.00

0.00

2,705.50

    Installation, maintenance, and repair

0.00

0.00

0.00

541.10

6,211.00

Production, transportation, and material moving

833.90

0.00

0.00

0.00

7,507.60

    Production

0.00

78.10

4,412.60

0.00

6,824.90

    Transportation and material moving

0.00

0.00

0.00

4,464.20

10,045.80

Full time

0.00

0.00

0.00

0.00

0.00

Part time

2,293.10

0.00

624.80

5,088.10

5,792.20

Union

220.90

0.00

494.00

2,480.90

1,975.90

Nonunion

0.00

0.00

0.00

0.00

0.00

Establishment characteristics

         

Goods-producing industries

0.00

0.00

5,336.20

0.00

624.80

    Construction

3,290.50

0.00

0.00

1,104.50

3,124.10

    Manufacturing

0.00

2,800.80

0.00

0.00

2,930.70

Service-providing industries

$270.60

$0.00

$0.00

$0.00

$0.00

    Trade, transportation, and utilities

0.00

0.00

0.00

4,750.80

3,313.60

        Wholesale trade

0.00

3,250.40

0.00

6,985.70

0.00

        Retail trade

0.00

0.00

1,475.70

0.00

2,922.30

        Transportation and warehousing

5,577.60

0.00

0.00

4,263.60

0.00

        Utilities

0.00

390.50

15,409.20

21,188.70

0.00

    Information

5,623.40

5,260.20

3,024.90

6,404.40

22,195.50

    Financial activities

0.00

312.40

781.00

0.00

0.00

        Finance and insurance

0.00

2,209.10

5,147.70

0.00

13,861.80

            Credit intermediation and related activities

5,632.10

4,348.60

28,095.20

0.00

30,966.40

            Insurance carriers and related activities

781.00

3,461.30

6,487.70

0.00

0.00

        Real estate and rental and leasing

4,285.80

2,343.10

3,663.30

9,074.70

11,155.30

    Professional and business services

2,590.40

0.00

7,612.50

30,480.00

0.00

        Professional and technical services

5,792.20

3,024.90

0.00

0.00

0.00

        Administrative and waste services

0.00

4,620.60

0.00

1,746.40

21,174.30

    Education and health services

1,082.20

0.00

1,854.80

3,982.50

781.00

        Educational services

1,913.10

4,211.70

6,296.80

17,980.50

0.00

            Junior colleges, colleges, and universities

6,808.80

312.40

1,269.00

12,951.80

0.00

        Health care and social assistance

1,239.80

0.00

4,222.60

4,814.60

15,756.60

    Leisure and hospitality

2,909.80

0.00

0.00

6,487.70

11,637.00

        Accommodation and food services

3,162.90

312.40

0.00

4,205.90

13,045.70

    Other services

0.00

0.00

4,058.30

26,600.80

0.00

1 to 99 workers

3,568.00

0.00

0.00

0.00

0.00

    1 to 49 workers

0.00

0.00

0.00

0.00

0.00

    50 to 99 workers

0.00

0.00

0.00

3,404.40

14,999.70

100 workers or more

1,316.20

0.00

1,121.70

0.00

0.00

    100 to 499 workers

2,698.80

0.00

1,923.10

0.00

0.00

    500 workers or more

781.00

0.00

4,146.80

7,872.50

0.00

Geographic areas

         

Metropolitan areas

1,610.10

0.00

0.00

0.00

0.00

Nonmetropolitan areas

1,147.90

0.00

0.00

3,083.80

11,202.20

New England

0.00

2,699.90

7,778.90

0.00

0.00

Middle Atlantic

1,769.00

0.00

3,492.80

1,403.70

0.00

East North Central

4,442.20

0.00

0.00

0.00

4,712.10

West North Central

0.00

0.00

5,154.80

6,689.50

0.00

South Atlantic

1,388.40

0.00

0.00

0.00

0.00

East South Central

0.00

0.00

2,536.80

6,883.70

16,177.60

West South Central

1,848.20

0.00

0.00

0.00

0.00

Mountain

2,590.40

0.00

5,354.40

5,739.30

17,843.00

Pacific

0.00

0.00

468.60

0.00

0.00

Footnotes:

1Includes participants in plans providing a fixed benefit amount. Dollar amounts can-be-a flat amount or can vary by the employees earnings or length of service.

2The 10th, 25th, 50th, 75th, and 90th percentiles designate position within each published series. For example, at the 50th percentile or median, half of participating workers receive the same as or more than the amount shown, and half receive the same as or less than the amount shown. At the 25th percentile, one-fourth of participating workers receive the same or less than the amount shown. The remaining percentiles follow the same logic.