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Defined benefit frozen retirement plans: Plan alternatives
Table 7. Defined benefit frozen retirement plans:1 Plan alternatives, private industry workers, National Compensation Survey, March 2013
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(All workers participating in frozen defined benefit plans = 100 percent)
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Characteristics
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No alternative to frozen plans
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Alternatives to frozen plans
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Alternatives to frozen plans2
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New defined benefit plan
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Enhanced existing defined contribution plan
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New defined contribution plan
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Other
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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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Production, 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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Insurance carriers and related activities
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Junior colleges, colleges, and universities
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1Plans closed to new workers or plans that cease accruals for some or all plan participants.
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3Surveyed 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&nbs
p;2013."
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2The sum of the individual components may be greater than the total because some employers offer more than one alternative.
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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/glossary20122013.htm.
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