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Standard Errors
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Table 8. Standard errors for defined contribution retirement plans: Selected | ||||||||||||||
Characteristics |
Employee contribution |
Employee contribution |
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Required |
Not required |
Pretax |
Not pretax |
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All workers |
4.4 |
4.4 |
2.7 |
2.7 |
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Worker characteristics |
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Management, professional, and related |
4.9 |
4.9 |
3.2 |
3.2 |
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Professional and related |
5.1 |
5.1 |
3.8 |
3.8 |
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Teachers |
6.6 |
6.6 |
5.2 |
5.2 |
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Primary, secondary, and special education |
7.4 |
7.4 |
– |
– |
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Service |
4.6 |
4.6 |
3.5 |
3.5 |
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Protective service |
6.5 |
6.5 |
– |
– |
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Sales and office |
7.0 |
7.0 |
2.0 |
2.0 |
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Office and administrative support |
7.5 |
7.5 |
2.0 |
2.0 |
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Natural resources, construction, and maintenance |
6.9 |
6.9 |
6.9 |
6.9 |
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Production, transportation, and material moving |
9.2 |
9.2 |
– |
– |
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Full time |
4.5 |
4.5 |
2.7 |
2.7 |
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Part time |
7.2 |
7.2 |
– |
– |
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Union |
8.2 |
8.2 |
4.7 |
4.7 |
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Nonunion |
3.7 |
3.7 |
2.4 |
2.4 |
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Average wage within the following categories:1 |
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Lowest 25 percent |
4.2 |
4.2 |
3.4 |
3.4 |
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Lowest 10 percent |
5.7 |
5.7 |
– |
– |
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Second 25 percent |
6.6 |
6.6 |
3.2 |
3.2 |
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Third 25 percent |
6.3 |
6.3 |
4.7 |
4.7 |
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Highest 25 percent |
4.2 |
4.2 |
2.8 |
2.8 |
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Highest 10 percent |
5.1 |
5.1 |
3.0 |
3.0 |
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Establishment characteristics |
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Service-providing industries |
4.5 |
4.5 |
2.7 |
2.7 |
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Education and health services |
5.2 |
5.2 |
4.0 |
4.0 |
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Educational services |
6.4 |
6.4 |
5.2 |
5.2 |
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Elementary and secondary schools |
7.1 |
7.1 |
– |
– |
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Junior colleges, colleges, and universities |
8.2 |
8.2 |
5.8 |
5.8 |
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Health care and social assistance |
5.3 |
5.3 |
3.6 |
3.6 |
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Hospitals |
6.4 |
6.4 |
4.7 |
4.7 |
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Public administration |
6.9 |
6.9 |
3.5 |
3.5 |
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1 to 99 workers |
6.7 |
6.7 |
– |
– |
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50 to 99 workers |
8.5 |
8.5 |
– |
– |
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100 workers or more |
4.7 |
4.7 |
3.1 |
3.1 |
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100 to 499 workers |
6.1 |
6.1 |
2.8 |
2.8 |
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500 workers or more |
5.0 |
5.0 |
3.8 |
3.8 |
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State government |
7.9 |
7.9 |
4.4 |
4.4 |
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Local government |
3.8 |
3.8 |
3.3 |
3.3 |
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Geographic areas |
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South |
4.7 |
4.7 |
5.0 |
5.0 |
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South Atlantic |
6.1 |
6.1 |
7.0 |
7.0 |
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East South Central |
10.9 |
10.9 |
– |
– |
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Midwest |
8.2 |
8.2 |
3.4 |
3.4 |
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East North Central |
6.7 |
6.7 |
3.1 |
3.1 |
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West |
10.2 |
10.2 |
– |
– |
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Mountain |
13.7 |
13.7 |
– |
– |
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Pacific |
12.4 |
12.4 |
– |
– |
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