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Employee Benefits Survey
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Standard Errors
Defined benefit frozen retirement plans: Plan alternatives

Table 7. Standard errors for frozen defined benefit retirement plans:1 Plan alternatives, private
industry workers,  National Compensation Survey, March 2015

Characteristics

No
alternative to
frozen plans

Alternatives
to frozen
plans

Alternatives to frozen plans

Modified
existing
defined
benefit plan

New defined
benefit plan

Enhanced
existing
defined
contribution
plan

New defined
contribution
plan

All workers

1.1

1.1

0.7

1.8

2.2

1.9

Worker characteristics

           

Management, professional, and related

1.4

1.4

0.8

3.2

3.2

3.1

    Management, business, and financial

2.0

2.0

1.2

3.4

3.5

2.9

    Professional and related

1.8

1.8

1.0

3.7

3.7

4.0

Service

3.7

3.7

2.8

6.3

9.2

Sales and office

1.9

1.9

1.1

1.8

2.8

2.5

    Sales and related

3.9

3.9

1.6

5.1

4.8

    Office and administrative support

2.0

2.0

1.3

2.1

3.0

2.5

Natural resources, construction, and maintenance

1.5

1.5

2.3

5.3

6.1

2.6

    Installation, maintenance, and repair

1.5

1.5

5.6

6.3

2.9

Production, transportation, and material moving

3.3

3.3

1.2

3.3

2.7

3.9

    Transportation and material moving

2.6

2.6

1.7

5.6

5.0

6.4

Full time

1.1

1.1

0.7

2.0

2.3

2.0

Part time

3.2

3.2

1.8

4.3

3.3

5.1

Union

0.7

0.7

1.0

4.2

3.7

3.2

Nonunion

1.3

1.3

0.9

2.0

2.3

2.3

Average wage within the following categories:2

           

    Lowest 25 percent

5.6

5.6

1.3

3.9

6.1

        Lowest 10 percent

10.7

10.7

    Second 25 percent

2.1

2.1

1.6

2.3

3.0

4.0

    Third 25 percent

2.4

2.4

0.8

3.0

3.0

2.8

    Highest 25 percent

1.1

1.1

0.8

2.6

3.0

2.7

        Highest 10 percent

1.7

1.7

1.0

4.1

4.7

4.2

Establishment characteristics

           

Goods-producing industries

1.4

1.4

3.6

4.2

3.4

    Construction

0.0

    Manufacturing

1.5

1.5

2.9

4.4

3.5

Service-providing industries

1.3

1.3

0.8

2.2

2.4

2.3

    Trade, transportation, and utilities

3.0

3.0

1.8

3.6

3.4

4.1

        Retail trade

4.8

4.8

1.2

1.6

3.8

5.2

    Information

3.3

3.3

2.1

5.5

5.3

1.1

    Financial activities

1.8

1.8

1.0

2.0

2.8

2.7

        Finance and insurance

1.9

1.9

1.0

1.7

3.0

2.8

            Credit intermediation and related activities

2.7

2.7

1.6

2.1

4.2

4.4

            Insurance carriers and related activities

2.5

2.5

4.6

6.3

3.3

        Real estate and rental and leasing

0.0

        Professional and technical services

0.0

16.5

16.5

    Education and health services

3.3

3.3

1.4

4.6

5.7

        Health care and social assistance

3.5

3.5

5.0

6.2

1 to 99 workers

2.0

2.0

1.8

3.5

4.5

3.9

    1 to 49 workers

1.7

1.7

1.6

4.6

5.8

5.0

100 workers or more

1.3

1.3

0.7

2.1

2.5

2.3

    100 to 499 workers

2.7

2.7

1.4

4.1

4.1

3.9

    500 workers or more

1.5

1.5

0.6

2.4

2.9

2.6

Geographic areas

           

Northeast

2.4

2.4

1.8

2.3

4.5

3.9

    Middle Atlantic

2.6

2.6

1.1

2.9

3.6

4.3

South

1.7

1.7

1.3

3.6

2.7

3.3

    South Atlantic

1.9

1.9

1.6

4.3

3.8

4.8

Midwest

2.4

2.4

1.2

2.9

4.3

2.9

    East North Central

1.8

1.8

3.4

5.2

3.9

West

2.1

2.1

1.2

5.3

5.5

5.5

    Pacific

1.6

1.6

1.0

6.5

6.9

6.3

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

2Surveyed 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 wage data for March 2015.


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/glossary20142015.htm.