Table 7. Defined benefit frozen retirement plans:1 Plan alternatives, private industry workers, National Compensation Survey, March 2011
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(All workers participating in frozen defined benefit plans = 100 percent)
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Characteristics
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No alternative to frozen plans
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Alternatives to frozen plans available
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Alternatives for employees in frozen plans2
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New defined benefit plan
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Enhanced existing defined contribution plan
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New defined contribution plan
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Other
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Management, professional, and related
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Management, business, and financial
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Office and administrative support
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Production, transportation, and material moving
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Transportation and material moving
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Average wage within the following categories:4
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Establishment characteristics
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Goods-producing industries
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Service-providing industries
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Trade, transportation, and utilities
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Financial activities: Finance and insurance: Insurance carriers and related activities
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Education and health services: Educational services
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Junior colleges, colleges, and universities
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Health care and social assistance
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1Plans closed to new workers or plans that cease accruals for some or all plan participants.
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4The 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, 2010." See Technical Note for more details.
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2The sum of the individual components may be greater than the total because some employers offer more than one alternative.
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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/glossary20102011.htm.
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3Less than 0.5 percent.
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