Defined benefit frozen retirement plans: benefits accrual Data Table

Table 5. Defined benefit frozen retirement plans:1 Benefits accrual,
private industry workers,  National Compensation Survey, March 2010

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

Characteristics

Retirement benefit accrual2

All existing
participants
continue to
accrue
benefits

Some
existing
participants
continue to
accrue
benefits

No existing
participants
continue to
accrue
benefits

All workers

71

7

22

Worker characteristics

 

 

 

Management, professional, and related

67

–

–

    Management, business, and financial

62

7

31

    Professional and related

71

13

17

Service

71

–

–

    Protective service

82

–

–

Sales and office

73

3

24

    Sales and related

82

3

15

    Office and administrative support

69

4

27

Natural resources, construction, and maintenance

85

3

12

    Construction, extraction, farming, fishing, and
     forestry

88

–

–

    Installation, maintenance, and repair

85

3

12

Production, transportation, and material moving

74

6

21

    Production

75

–

–

    Transportation and material moving

71

–

–

Full time

71

7

22

Part time

76

–

–

Union

86

–

–

Nonunion

68

7

25

Average wage within the following categories:3

 

 

 

    Lowest 25 percent

76

–

–

    Second 25 percent

70

4

26

    Third 25 percent

69

6

25

    Highest 25 percent

72

9

19

        Highest 10 percent

70

–

–

Establishment characteristics

 

 

 

Goods-producing industries

73

9

18

    Manufacturing

74

8

18

Service-providing industries

71

6

24

    Trade, transportation, and utilities

88

1

11

        Wholesale trade

87

–

–

        Retail trade

89

–

–

        Transportation and warehousing

85

–

–

        Utilities

92

–

–

    Information

72

–

–

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

56

–

–

    Professional and business services

59

–

–

    Education and health services

87

4

9

        Educational services:
           Junior colleges, colleges, and universities

78

–

–

        Health care and social assistance

88

4

8

1 to 99 workers

62

4

35

    1 to 49 workers

59

–

–

    50 to 99 workers

65

–

–

100 workers or more

74

7

19

    100 to 499 workers

80

–

–

    500 workers or more

69

10

21

Geographic areas

 

 

 

New England

61

–

–

Middle Atlantic

66

–

–

East North Central

72

–

–

West North Central

63

–

–

South Atlantic

75

6

20

West South Central

79

5

16

Pacific

73

–

–

Footnotes:

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

2Benefit accruals are for existing participants since the plan was closed to new workers or stopped
accruing benefits.

3The 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, 2009." See
Technical Note for more details.


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/glossary20092010.htm.