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to Employee Benefits in the United States
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Standard Errors
Life insurance plans: Flat-dollar amount benefit formulas
Table 21. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1
private industry workers, National Compensation Survey, March 2012
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Characteristics
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Flat dollar amounts2
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10th
percentile
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25th
percentile
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50th
percentile
(median)
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75th
percentile
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90th
percentile
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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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Natural resources, construction, and maintenance
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Construction, extraction, farming, fishing, and
forestry
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Installation, maintenance, and repair
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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:3
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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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Transportation and warehousing
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Credit intermediation and related activities
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Insurance carriers and related activities
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Real estate and rental and leasing
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Professional and business services
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Professional and technical services
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Administrative and waste services
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Education and health services
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Junior colleges, colleges, and universities
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Healthcare and social assistance
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Accommodation and food services
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1Includes participants in plans providing a fixed benefit
amount. Dollar amounts can be a flat amount or can vary by the
employee’s earnings or length of service.
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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, 2010." See Technical Note for more details.
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2The 10th, 25th, 50th, 75th, and 90th percentiles designate
position within each published series. For example, at the 50th
percentile or median, half of participating workers receive the
same as or more than the amount shown, and half receive the
same as or less than the amount shown. At the 25th percentile,
one-fourth of participating&n
bsp;workers receive the same or less
than the amount shown. The remaining percentiles follow the
same logic.
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NOTE: For definitions of major plans, key provisions, and
related terms, see the "Glossary of Employee Benefit Terms" at
www.bls.gov/ncs/ebs/glossary20112012.htm.
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