Table 6. Defined benefit frozen retirement plans:1 Selected attributes, private industry workers, National Compensation Survey, March 2012
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(All workers participating in frozen defined benefit plans = 100 percent)
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Characteristics
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Time since plan closed to new workers or stopped accruing benefits2
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1 year
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2 to 5 years
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Greater than 5 years
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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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Credit intermediation and related activities
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Insurance carriers and related activities
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Professional and business 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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1Plans closed to new workers or plans that cease accruals for some or all plan participants.
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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 length of time is calculated based on the year the plan was modified. For example, plans frozen after January 2011 are included in the "1 year" column. Those frozen between 2007 and 2010 are included in the "2 to 5 year" column and plans frozen before 2007 are included in the "Greater than 5&nbs
p;years" column.
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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/glossary20112012.htm.
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