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to Employee Benefits in the United States
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Standard Errors
Life insurance plans: Flat-dollar amount benefit formulas
Table 21. Standard errors for life insurance plans: Flat-dollar amount benefit formulas,1
private industry workers, National Compensation Survey, March 2014
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Characteristics
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Flat dollar amounts2
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10th
percentile
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25th
percentile
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50th
percentile
(median)
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75th
percentile
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90th
percentile
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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 categories3:
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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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Transportation and warehousing
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Credit intermediation and related activities
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Insurance carriers and related activities
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Real estate and rental and leasing
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Professional and business services
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Professional and technical services
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Administrative and waste services
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Education and health services
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Junior colleges, colleges, and universities
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Health care and social assistance
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Accommodation and food services
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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.
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2The 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.
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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
ECEC data for March 2014.
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Note: 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.
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United States Department of Labor
