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Employee Benefits Survey
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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 2014

(All workers participating in frozen defined benefit plans = 100 percent)

Characteristics

No
alternative to
frozen plans

Alternatives
to frozen
plans

Alternatives to frozen plans2

Modified
existing
defined
benefit plan

New defined
benefit plan

Enhanced
existing
defined
contribution
plan

New defined
contribution
plan

Other

All workers

11

89

3

29

33

29

1

Worker characteristics

             

Management, professional, and related

9

91

3

28

37

28

1

    Management, business, and financial

8

92

3

30

38

25

    Professional and related

9

91

4

27

37

30

2

Service

23

77

13

20

44

Sales and office

17

83

2

22

39

24

    Sales and related

23

77

8

44

28

    Office and administrative support

15

85

3

27

38

23

Natural resources, construction, and maintenance

4

96

4

50

22

18

Production, transportation, and material moving

8

92

4

34

21

37

    Production

6

94

31

23

41

    Transportation and material moving

12

88

5

39

19

31

Full time

10

90

3

29

34

28

1

Part time

24

76

8

19

26

29

Union

3

97

3

56

14

27

Nonunion

13

87

3

22

38

29

Average wage within the following categories3:

             

    Lowest 25 percent

39

61

19

28

        Lowest 10 percent

60

40

    Second 25 percent

16

84

3

15

37

34

    Third 25 percent

10

90

3

30

30

33

    Highest 25 percent

7

93

3

35

35

24

1

        Highest 10 percent

6

94

3

32

42

23

Establishment characteristics

             

Goods-producing industries

6

94

31

31

35

    Construction

100

    Manufacturing

6

94

30

33

36

Service-providing industries

13

87

3

28

34

26

2

    Trade, transportation, and utilities

25

75

7

28

21

27

        Retail trade

46

54

3

22

33

    Financial activities

7

93

1

20

54

18

        Finance and insurance

8

92

1

19

54

18

            Credit intermediation and related activities

6

94

21

50

22

        Real estate and rental and leasing

100

    Professional and business services:
         Professional and technical services

100

55

    Education and health services

17

83

4

13

31

44

        Health care and social assistance

17

83

14

32

46

    Other services

100

1 to 99 workers

7

93

4

21

42

25

    1 to 49 workers

6

94

21

46

21

100 workers or more

12

88

3

30

31

29

    100 to 499 workers

16

84

34

24

30

    500 workers or more

10

90

3

28

35

29

Geographic areas

             

Northeast

12

88

4

21

34

33

    Middle Atlantic

12

88

21

27

40

South

14

86

4

28

29

29

    South Atlantic

14

86

5

23

35

26

Midwest

10

90

36

30

28

    East North Central

9

91

39

25

31

    West North Central

13

87

28

38

21

West

8

92

2

28

43

24

    Pacific

8

92

32

44

1Plans closed to new workers or plans that cease accruals for some or all plan participants.

2The sum of the individual components may be greater than the total because some employers offer more than one alternative.

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 ECEC data for March 2014.


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/glossary20132014.htm.