Retirement benefits: Access, participation, and take-up rates

Table 2. Retirement benefits: Access, participation, and take-up rates,1 private industry workers, March 2016
(All workers = 100 percent)
Characteristics All retirement benefits2 Defined benefit Defined contribution
Access Participation Take-up
rate
Access Participation Take-up
rate
Access Participation Take-up
rate
All workers
66
49
75
18
15
83
62
44
72
Worker characteristics
                 
Management, professional, and related
81
69
85
25
21
83
77
63
82
    Management, business, and financial
85
75
88
28
23
83
83
71
86
    Professional and related
79
65
83
23
19
83
75
60
80
Service
41
23
56
7
6
86
38
19
51
    Protective service
60
31
52
56
27
48
Sales and office
69
50
72
16
11
74
66
46
70
    Sales and related
66
41
61
11
7
65
63
37
59
    Office and administrative support
72
56
78
19
14
78
68
52
76
Natural resources, construction, and maintenance
62
49
79
22
21
97
56
41
73
    Construction, extraction, farming, fishing, and
     forestry
57
45
79
24
23
99
47
34
72
    Installation, maintenance, and repair
67
52
78
21
19
94
64
47
73
Production, transportation, and material moving
70
53
75
22
19
84
63
44
69
    Production
74
56
75
21
18
84
71
50
70
    Transportation and material moving
67
50
74
23
20
85
56
39
69
Full time
77
60
78
21
18
85
72
54
75
Part time
37
21
56
8
5
68
33
17
53
Union
91
81
90
70
65
94
55
44
80
Nonunion
64
46
73
13
10
77
62
44
71
Average wage within the following categories:3
                 
    Lowest 25 percent
42
22
52
6
4
63
39
19
49
        Lowest 10 percent
33
14
42
4
2
52
30
12
40
    Second 25 percent
65
45
69
13
10
80
61
40
66
    Third 25 percent
78
64
82
23
20
86
72
56
78
    Highest 25 percent
87
76
88
34
29
86
82
69
84
        Highest 10 percent
88
79
90
35
29
84
84
73
87
Establishment characteristics
                 
Goods-producing industries
74
60
80
25
22
87
70
53
76
    Construction
55
43
79
19
18
96
46
34
74
    Manufacturing
83
67
81
28
23
83
81
61
76
Service-providing industries
64
47
74
16
13
82
60
42
71
    Trade, transportation, and utilities
74
50
67
18
14
76
66
42
64
        Wholesale trade
77
62
81
11
10
93
75
59
79
        Retail trade
71
39
56
14
8
61
63
34
53
        Transportation and warehousing
82
65
80
34
29
86
64
46
73
        Utilities
97
93
96
76
70
91
96
80
84
    Information
89
79
89
38
35
92
89
74
83
    Financial activities
83
73
88
38
30
79
82
70
85
        Finance and insurance
92
84
92
48
37
78
91
80
88
            Credit intermediation and related activities
94
85
91
48
35
73
93
81
87
            Insurance carriers and related activities
90
83
92
48
43
90
89
78
87
        Real estate and rental and leasing
54
39
72
7
6
95
54
38
70
    Professional and business services
60
47
79
13
11
82
59
46
77
        Professional and technical services
76
65
85
14
12
87
75
63
84
        Administrative and waste services
38
24
63
4
4
90
38
23
62
    Education and health services
72
56
79
17
14
84
66
50
75
        Educational services
72
64
88
16
13
82
63
54
85
            Junior colleges, colleges, and universities
88
77
88
16
10
64
84
74
88
        Health care and social assistance
71
55
77
17
15
84
67
49
73
    Leisure and hospitality
32
14
45
4
4
100
30
12
40
        Accommodation and food services
31
13
41
3
3
100
29
10
36
    Other services
47
37
78
9
9
94
43
32
75
1 to 99 workers
52
36
70
9
7
84
49
34
68
    1 to 49 workers
47
33
70
7
6
85
46
31
69
    50 to 99 workers
65
46
70
14
12
83
60
40
67
100 workers or more
83
66
79
29
24
83
77
57
74
    100 to 499 workers
80
59
74
20
17
81
74
52
71
    500 workers or more
90
76
85
43
36
84
82
64
78
Geographic areas
                 
Northeast
68
55
80
22
19
85
62
48
77
    New England
70
55
78
19
17
88
65
49
76
    Middle Atlantic
68
55
81
23
20
84
61
47
78
South
66
47
71
17
14
82
63
42
67
    South Atlantic
67
49
73
19
16
82
63
44
69
    East South Central
68
44
65
14
11
80
65
40
62
    West South Central
64
45
70
14
11
82
62
41
67
Midwest
70
53
76
19
16
84
66
48
72
    East North Central
70
53
76
19
16
85
65
47
72
    West North Central
72
54
75
17
14
80
69
49
71
West
59
45
77
15
12
82
55
40
74
    Mountain
62
46
74
11
9
78
59
42
72
    Pacific
57
45
78
17
14
83
53
39
74
1The take-up rate is an estimate of the percentage of workers with access to a plan who participate in the plan, rounded for presentation. See Technical Note for more details.
2Includes defined benefit pension plans and defined contribution retirement plans. Workers are considered as having access or as participating if they have access to or are participating
in at least one of these plan types.
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 wage data for March 2016.

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/glossary20152016.htm.

Source: Bureau of Labor Statistics, National Compensation Survey.