Standard Errors
Defined benefit frozen retirement plans: Selected attributes

Table 6. Standard errors for defined benefit frozen retirement plans:1
Selected attributes, private industry workers,  National Compensation
Survey, March 2013

Characteristics

Time since plan closed to new workers or
stopped accruing benefits2

1 year

2 to 5 years

Greater than
5 years

All workers

0.5

2.3

2.3

Worker characteristics

     

Management, professional, and related

2.9

    Management, business, and financial

3.7

    Professional and related

3.1

Service

6.5

    Protective service

10.4

Sales and office

0.5

3.3

3.3

    Sales and related

5.3

    Office and administrative support

0.3

3.6

3.6

Natural resources, construction, and maintenance

6.2

    Construction, extraction, farming, fishing, and
     forestry

9.8

    Installation, maintenance, and repair

6.8

Production, transportation, and material moving

3.8

    Production

4.0

    Transportation and material moving

6.9

Full time

0.5

2.3

2.4

Part time

5.1

Union

4.3

Nonunion

0.5

2.5

2.5

Average wage within the following categories:3

     

    Lowest 25 percent

7.3

7.3

        Lowest 10 percent

10.7

10.7

    Second 25 percent

4.0

4.0

    Third 25 percent

3.9

    Highest 25 percent

0.6

2.6

2.5

        Highest 10 percent

3.6

Establishment characteristics

     

Goods-producing industries

3.4

    Manufacturing

1.6

2.9

3.5

Service-providing industries

2.8

    Trade, transportation, and utilities

5.5

        Wholesale trade

13.4

        Retail trade

6.3

6.3

        Transportation and warehousing

6.9

        Utilities

10.9

10.9

    Information

6.2

6.2

    Financial activities

3.6

        Finance and insurance

3.6

            Credit intermediation and related activities

4.6

4.6

            Insurance carriers and related activities

6.7

    Professional and business services

13.0

13.0

    Education and health services:
       Educational services

7.1

            Junior colleges, colleges, and universities

3.5

        Healthcare and social assistance

6.8

1 to 99 workers

4.6

    1 to 49 workers

5.8

    50 to 99 workers

7.6

7.6

100 workers or more

0.6

2.5

2.5

    100 to 499 workers

4.3

    500 workers or more

3.0

Geographic areas

     

New England

10.3

10.3

Middle Atlantic

6.6

East North Central

4.9

West North Central

8.8

South Atlantic

5.3

East South Central

8.0

West South Central

5.9

Mountain

12.8

12.8

Pacific

3.0

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

3Surveyed occupations are classified into wage
categories based on the average wage for the
occupation, which may include workers with
earnings both above and below the threshold.  The
categories were formed using percentile estimates
generated using data from the National
Compensation Survey publication, "Employer Costs
for Employee Compensation - March 2013."

2The length of time is calculated based on the
year the plan was modified. For example, plans
frozen after January 2012 are included in the "1
year" column. Those frozen between 2008 and
2011 are included in the "2 to 5 year" column and
plans frozen before 2008 are included in the
"Greater than 5&nbs p;years" column.


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/glossary20122013.htm.