Defined benefit frozen retirement plans: Plan alternatives

Table 7. Defined benefit frozen retirement plans:1 Plan alternatives, civilian workers,2 March 2016
(All workers participating in frozen defined benefit plans = 100 percent)
Characteristics No
alternative to
frozen plans
Alternatives
to frozen
plans
Alternatives to frozen plans3
Modified
existing
defined
benefit plan
New defined
benefit plan
Enhanced
existing
defined
contribution
plan
New defined
contribution
plan
Other
All workers
5
95
56
14
14
24
[4]
Worker characteristics
             
Management, professional, and related
4
96
61
13
14
22
[4]
    Management, business, and financial
6
94
39
20
23
25
    Professional and related
3
97
68
11
11
21
Service
2
98
80
4
6
22
Sales and office
10
90
45
14
17
24
[4]
    Sales and related
23
77
30
35
    Office and administrative support
7
93
52
15
15
22
1
Natural resources, construction, and maintenance
3
97
49
23
19
16
Production, transportation, and material moving
9
91
25
20
17
38
    Transportation and material moving
6
94
40
19
9
37
Full time
5
95
56
14
15
24
[4]
Part time
12
88
58
8
6
25
Union
1
99
76
12
6
22
Nonunion
8
92
42
15
20
25
Average wage within the following categories:5
             
    Lowest 25 percent
12
88
56
8
11
22
    Second 25 percent
6
94
59
11
12
25
    Third 25 percent
5
95
54
15
11
27
    Highest 25 percent
4
96
57
15
17
22
        Highest 10 percent
4
96
53
15
22
24
Establishment characteristics
             
Goods-producing industries
7
93
11
22
36
33
Service-providing industries
5
95
63
12
11
23
[4]
    Education and health services
2
98
80
6
4
21
        Health care and social assistance
8
92
34
16
36
            Hospitals
12
88
30
6
14
41
1 to 99 workers
9
91
36
16
16
28
    1 to 49 workers
4
96
30
17
19
32
100 workers or more
4
96
60
13
14
23
[4]
    100 to 499 workers
9
91
46
22
16
24
    500 workers or more
3
97
66
9
12
23
Geographic areas
             
Northeast
5
95
60
9
13
28
    New England
4
96
63
8
13
18
    Middle Atlantic
5
95
59
9
13
31
South
5
95
57
16
13
24
    South Atlantic
8
92
48
15
17
37
    West South Central
2
98
64
14
10
Midwest
6
94
51
14
12
27
    East North Central
6
94
54
12
11
30
West
4
96
56
15
18
16
    Pacific
5
95
54
16
19
17
1Plans closed to new workers or plans that cease accruals for some or all plan participants.
2Includes workers in the private nonfarm economy except those in private households, and workers in the public sector, except the federal government. See Technical
Note for further explanation.
3The sum of the individual components may be greater than the total because some employers offer more than one alternative.
4Less than 0.5.
5Surveyed 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 2016.

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/glossary20152016.htm.

Source: Bureau of Labor Statistics, National Compensation Survey.