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Standard Errors
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Table 5. Standard errors for defined benefit frozen retirement plans:1 | |||||||||||
Characteristics |
Retirement benefit accrual2 |
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All existing |
Some |
No existing |
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All workers |
2.5 |
1.4 |
2.7 |
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Worker characteristics |
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Management, professional, and related |
3.2 |
1.6 |
3.0 |
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Management, business, and financial |
3.3 |
1.5 |
3.4 |
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Professional and related |
4.2 |
2.1 |
3.8 |
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Service |
9.8 |
– |
– |
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Protective service |
9.5 |
– |
– |
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Sales and office |
4.1 |
1.7 |
4.5 |
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Sales and related |
6.9 |
3.0 |
6.9 |
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Office and administrative support |
4.4 |
1.6 |
4.9 |
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Natural resources, construction, and maintenance |
5.3 |
– |
– |
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Construction, extraction, farming, fishing, and |
10.7 |
– |
– |
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Installation, maintenance, and repair |
6.4 |
2.2 |
5.6 |
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Production, transportation, and material moving |
5.1 |
– |
– |
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Production |
6.3 |
– |
– |
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Transportation and material moving |
7.6 |
– |
– |
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Full time |
2.5 |
1.5 |
2.7 |
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Part time |
5.4 |
2.3 |
5.2 |
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Union |
4.1 |
– |
– |
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Nonunion |
2.8 |
1.4 |
2.8 |
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Average wage within the following categories:3 |
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Lowest 25 percent |
6.0 |
– |
– |
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Lowest 10 percent |
11.9 |
– |
– |
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Second 25 percent |
4.3 |
2.7 |
4.8 |
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Third 25 percent |
4.1 |
2.8 |
4.3 |
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Highest 25 percent |
2.8 |
1.3 |
2.6 |
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Highest 10 percent |
3.9 |
1.6 |
3.5 |
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Establishment characteristics |
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Goods-producing industries |
3.8 |
– |
– |
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Manufacturing |
4.0 |
– |
– |
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Service-providing industries |
3.2 |
1.4 |
3.2 |
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Trade, transportation, and utilities |
5.3 |
– |
– |
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Wholesale trade |
10.4 |
– |
– |
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Retail trade |
7.5 |
– |
– |
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Utilities |
0.0 |
– |
– |
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Information |
8.1 |
– |
– |
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Financial activities |
4.5 |
1.4 |
4.9 |
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Finance and insurance |
4.6 |
1.4 |
5.1 |
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Credit intermediation and related activities |
5.6 |
2.3 |
6.0 |
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Insurance carriers and related activities |
9.8 |
2.8 |
11.4 |
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Professional and business services |
11.3 |
– |
– |
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Education and health services |
8.2 |
– |
– |
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Educational services |
9.7 |
– |
– |
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Junior colleges, colleges, and universities |
9.9 |
– |
– |
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Healthcare and social assistance |
8.6 |
– |
– |
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1 to 99 workers |
5.0 |
– |
– |
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1 to 49 workers |
– |
– |
6.3 |
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50 to 99 workers |
7.4 |
– |
– |
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100 workers or more |
2.7 |
1.4 |
2.9 |
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100 to 499 workers |
4.1 |
2.0 |
4.3 |
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500 workers or more |
3.1 |
1.7 |
3.2 |
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Geographic areas |
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New England |
6.6 |
0.4 |
6.9 |
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Middle Atlantic |
5.1 |
– |
– |
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East North Central |
6.0 |
– |
– |
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West North Central |
10.5 |
– |
– |
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South Atlantic |
4.2 |
2.1 |
3.7 |
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East South Central |
4.7 |
– |
4.7 |
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West South Central |
7.7 |
– |
– |
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Mountain |
6.3 |
– |
– |
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Pacific |
8.9 |
– |
– |
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