Subscribe
to Employee Benefits in the United States
|
Standard Errors
Life insurance plans: Flat-dollar amount benefit formulas
Table 21. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1
civilian workers,2 National Compensation Survey, March 2013
|
Characteristics
|
Flat dollar amounts3
|
10th
percentile
|
25th
percentile
|
50th
percentile
(median)
|
75th
percentile
|
90th
percentile
|
|
|
|
|
|
|
|
|
|
|
|
|
Management, professional, and related
|
|
|
|
|
|
Management, business, and financial
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Primary, secondary, and special education
school teachers
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Office and administrative support
|
|
|
|
|
|
Natural resources, construction, and maintenance
|
|
|
|
|
|
Construction, extraction, farming, fishing, and
forestry
|
|
|
|
|
|
Installation, maintenance, and repair
|
|
|
|
|
|
Production, transportation, and material moving
|
|
|
|
|
|
|
|
|
|
|
|
Transportation and material moving
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average wage within the following categories:4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Establishment characteristics
|
|
|
|
|
|
Goods-producing industries
|
|
|
|
|
|
Service-providing industries
|
|
|
|
|
|
Education and health services
|
|
|
|
|
|
|
|
|
|
|
|
Elementary and secondary schools
|
|
|
|
|
|
Junior colleges, colleges, and universities
|
|
|
|
|
|
Healthcare and social assistance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
|
2Includes workers in the private nonfarm economy except those in private households, and workers in the public sector, except
the federal government. See Technical Note for further explanation.
|
3The 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 workers receive the same or less than the amount
shown. The remaining percentiles follow the same logic.
|
4Surveyed occupations are classified into wage categories based on the average wage for the occupation, which may include
workers with earnings both above and below the threshold. The categories were formed using percentile estimates generated using
data from the National Compensation Survey publication, "Employer Costs for Employee Compensation - March 2013."
|
NOTE: For definitions of major plans, key provisions, and related terms, see the "Glossary of Employee Benefit Terms" at
www.bls.gov/ncs/ebs/glossary20122013.htm.
|
|
|
