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Standard Errors
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Table 3. Standard errors for defined benefit retirement plans: Employee contribution | |||||||||||||||||
Characteristics |
Employee |
Fixed percent of annual earnings1 |
Employee |
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Total |
Mean fixed |
Median fixed |
|||||||||||||||
All workers |
1.4 |
1.6 |
0.1 |
0.1 |
1.4 |
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Worker characteristics |
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Management, professional, and related |
1.6 |
1.7 |
0.1 |
0.1 |
1.6 |
||||||||||||
Professional and related |
1.5 |
1.6 |
0.1 |
0.1 |
1.5 |
||||||||||||
Teachers |
1.7 |
1.9 |
0.1 |
[2] |
1.7 |
||||||||||||
Primary, secondary, and special education |
1.9 |
1.9 |
0.1 |
0.1 |
1.9 |
||||||||||||
Service |
1.5 |
1.8 |
0.1 |
0.2 |
1.5 |
||||||||||||
Protective service |
2.2 |
2.7 |
0.2 |
0.2 |
2.2 |
||||||||||||
Sales and office |
2.2 |
2.5 |
0.2 |
0.2 |
2.2 |
||||||||||||
Office and administrative support |
2.2 |
2.5 |
0.2 |
0.1 |
2.2 |
||||||||||||
Natural resources, construction, and maintenance |
2.0 |
2.1 |
0.2 |
0.0 |
2.0 |
||||||||||||
Production, transportation, and material moving |
2.7 |
3.7 |
0.3 |
0.4 |
2.7 |
||||||||||||
Full time |
1.5 |
1.7 |
0.1 |
0.1 |
1.5 |
||||||||||||
Part time |
1.9 |
2.6 |
0.2 |
0.5 |
1.9 |
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Union |
1.8 |
2.1 |
0.1 |
0.1 |
1.8 |
||||||||||||
Nonunion |
1.8 |
1.8 |
0.2 |
0.0 |
1.8 |
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Average wage within the following categories:3 |
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Lowest 25 percent |
1.9 |
2.0 |
0.2 |
0.1 |
1.9 |
||||||||||||
Lowest 10 percent |
2.6 |
2.9 |
0.3 |
0.7 |
2.6 |
||||||||||||
Second 25 percent |
1.8 |
2.1 |
0.1 |
0.1 |
1.8 |
||||||||||||
Third 25 percent |
2.1 |
2.2 |
0.1 |
0.1 |
2.1 |
||||||||||||
Highest 25 percent |
1.4 |
1.7 |
0.1 |
0.2 |
1.4 |
||||||||||||
Highest 10 percent |
1.4 |
2.0 |
0.1 |
0.2 |
1.4 |
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Establishment characteristics |
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Service-providing industries |
1.5 |
1.6 |
0.1 |
0.1 |
1.5 |
||||||||||||
Education and health services |
1.5 |
1.6 |
0.1 |
0.1 |
1.5 |
||||||||||||
Educational services |
1.5 |
1.6 |
0.1 |
0.1 |
1.5 |
||||||||||||
Elementary and secondary schools |
1.7 |
1.8 |
0.1 |
0.1 |
1.7 |
||||||||||||
Junior colleges, colleges, and universities |
2.7 |
2.8 |
0.3 |
0.2 |
2.7 |
||||||||||||
Healthcare and social assistance |
4.4 |
4.6 |
0.2 |
0.4 |
4.4 |
||||||||||||
Hospitals |
5.7 |
6.0 |
0.3 |
0.1 |
5.7 |
||||||||||||
Public administration |
2.5 |
2.5 |
0.2 |
0.4 |
2.5 |
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1 to 99 workers |
3.4 |
3.5 |
0.5 |
0.3 |
3.4 |
||||||||||||
1 to 49 workers |
2.5 |
3.1 |
0.3 |
0.4 |
2.5 |
||||||||||||
50 to 99 workers |
6.0 |
6.3 |
0.8 |
0.7 |
6.0 |
||||||||||||
100 workers or more |
1.4 |
1.5 |
0.1 |
0.1 |
1.4 |
||||||||||||
100 to 499 workers |
2.9 |
3.2 |
0.2 |
0.1 |
2.9 |
||||||||||||
500 workers or more |
1.2 |
1.4 |
0.1 |
0.1 |
1.2 |
||||||||||||
State government |
2.6 |
2.6 |
0.2 |
0.3 |
2.6 |
||||||||||||
Local government |
1.5 |
1.6 |
0.1 |
0.1 |
1.5 |
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Geographic areas |
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Middle Atlantic |
1.2 |
1.2 |
0.2 |
0.2 |
1.2 |
||||||||||||
East North Central |
4.0 |
4.0 |
0.2 |
0.2 |
4.0 |
||||||||||||
West North Central |
1.7 |
1.7 |
0.4 |
0.7 |
1.7 |
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South Atlantic |
2.2 |
2.2 |
0.2 |
0.8 |
2.2 |
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Pacific |
5.2 |
5.4 |
0.2 |
0.0 |
5.2 |
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