Employer costs for retirement and savings plans, June 2004
September 16, 2004
In June 2004, average costs to employers in private industry for retirement and savings benefits were 82 cents per hour worked.
Among occupational groups, retirement and savings costs ranged from 18 cents per hour worked for service occupations to $1.53 for management, professional, and related occupations.
Sales and office occupations averaged 52 cents; production, transportation, and material moving occupations, 88 cents; and natural resources, construction, and maintenance occupations, $1.27 per hour.
The cost of all employee benefits—including paid leave, supplemental pay, insurance, legally required benefits, as well as retirement and savings plans—averaged $6.69 per hour worked in private industry in June 2004. Wages and salaries averaged $16.71 per hour.
These data are from the BLS National Compensation Survey - Compensation Cost Trends program. Learn more about employer costs for wages, salaries, and benefits in "Employer Costs for Employee Compensation - June 2004" (PDF) (TXT), news release USDL 04-1805.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employer costs for retirement and savings plans, June 2004 on the Internet at http://www.bls.gov/opub/ted/2004/sept/wk2/art04.htm (visited May 30, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.