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Standard Errors
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Table 7. Standard errors for frozen defined benefit retirement plans:1 Plan alternatives, private | ||||||||||||||||||||
Characteristics |
No |
Alternatives |
Alternatives for employees in frozen plans |
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New defined |
Enhanced |
New defined |
Other |
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All workers |
1.2 |
1.2 |
1.5 |
2.6 |
2.6 |
0.4 |
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Worker characteristics |
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Management, professional, and related |
1.4 |
1.4 |
2.1 |
3.9 |
3.9 |
0.8 |
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Management, business, and financial |
1.4 |
1.4 |
2.2 |
4.3 |
4.5 |
– |
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Professional and related |
1.9 |
1.9 |
2.3 |
4.5 |
4.3 |
– |
||||||||||||||
Service |
3.0 |
3.0 |
1.8 |
– |
9.0 |
– |
||||||||||||||
Sales and office |
2.3 |
2.3 |
2.3 |
2.8 |
3.1 |
[2] |
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Sales and related |
2.4 |
2.4 |
1.4 |
5.5 |
5.6 |
– |
||||||||||||||
Office and administrative support |
2.6 |
2.6 |
2.9 |
2.7 |
3.0 |
[2] |
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Production, transportation, and material moving |
2.4 |
2.4 |
2.5 |
3.8 |
4.8 |
– |
||||||||||||||
Production |
2.6 |
2.6 |
3.3 |
5.2 |
5.9 |
– |
||||||||||||||
Transportation and material moving |
3.9 |
3.9 |
– |
– |
7.0 |
– |
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Full time |
1.1 |
1.1 |
1.6 |
2.6 |
2.8 |
0.4 |
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Part time |
5.3 |
5.3 |
1.4 |
5.1 |
5.5 |
– |
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Union |
2.6 |
2.6 |
4.8 |
2.7 |
4.4 |
– |
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Nonunion |
1.2 |
1.2 |
1.4 |
2.9 |
2.8 |
0.4 |
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Average wage within the following categories:3 |
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Lowest 25 percent |
5.8 |
5.8 |
0.7 |
7.7 |
6.7 |
– |
||||||||||||||
Second 25 percent |
2.6 |
2.6 |
2.8 |
3.6 |
4.4 |
– |
||||||||||||||
Third 25 percent |
2.1 |
2.1 |
1.7 |
3.1 |
3.2 |
– |
||||||||||||||
Highest 25 percent |
1.1 |
1.1 |
2.5 |
3.8 |
3.5 |
0.7 |
||||||||||||||
Highest 10 percent |
1.3 |
1.3 |
2.7 |
5.1 |
4.6 |
– |
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Establishment characteristics |
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Goods-producing industries |
1.4 |
1.4 |
2.6 |
3.5 |
4.1 |
– |
||||||||||||||
Manufacturing |
1.4 |
1.4 |
2.7 |
3.5 |
4.3 |
– |
||||||||||||||
Service-providing industries |
1.6 |
1.6 |
1.7 |
3.0 |
3.1 |
– |
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Trade, transportation, and utilities |
3.4 |
3.4 |
2.9 |
3.2 |
3.6 |
– |
||||||||||||||
Retail trade |
5.1 |
5.1 |
– |
5.0 |
5.3 |
– |
||||||||||||||
Utilities |
5.5 |
5.5 |
5.5 |
– |
– |
– |
||||||||||||||
Financial activities: |
4.1 |
4.1 |
5.3 |
5.9 |
5.2 |
– |
||||||||||||||
Education and health services: |
7.5 |
7.5 |
– |
– |
7.6 |
– |
||||||||||||||
Junior colleges, colleges, and universities |
7.6 |
7.6 |
– |
– |
7.7 |
– |
||||||||||||||
Health care and social assistance |
2.9 |
2.9 |
1.7 |
4.6 |
5.0 |
– |
||||||||||||||
1 to 99 workers |
1.4 |
1.4 |
3.7 |
5.1 |
4.2 |
– |
||||||||||||||
100 workers or more |
1.4 |
1.4 |
1.6 |
2.7 |
2.7 |
– |
||||||||||||||
100 to 499 workers |
2.9 |
2.9 |
2.1 |
3.5 |
4.1 |
– |
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500 workers or more |
1.5 |
1.5 |
2.2 |
3.3 |
3.4 |
[2] |
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Geographic areas |
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Middle Atlantic |
4.7 |
4.7 |
2.1 |
4.7 |
6.3 |
– |
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East North Central |
2.3 |
2.3 |
3.7 |
4.0 |
5.5 |
[2] |
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South Atlantic |
2.6 |
2.6 |
2.3 |
4.5 |
4.4 |
– |
||||||||||||||
Pacific |
1.7 |
1.7 |
– |
5.8 |
6.2 |
– |
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