Defined benefit retirement plans: Open, soft and hard frozen plans

Table 5. Defined benefit retirement plans: Open, soft and hard freeze plans, private
industry workers, March 2016
(All workers participating in defined benefit plans = 100 percent)
Characteristics Open plans1 Soft freeze2 Hard freeze3
All
participants
still accruing
benefits
Some
participants
still accruing
benefits
All workers
62
23
3
12
Worker characteristics
       
Management, professional, and related
55
27
3
15
    Management, business, and financial
55
23
3
19
    Professional and related
55
29
4
13
Service
76
13
Sales and office
59
24
2
15
    Sales and related
58
20
2
20
    Office and administrative support
59
25
2
14
Natural resources, construction, and maintenance
76
17
2
4
    Construction, extraction, farming, fishing, and
     forestry
92
5
    Installation, maintenance, and repair
59
31
4
6
Production, transportation, and material moving
62
24
3
11
    Production
48
32
3
16
    Transportation and material moving
74
17
2
6
Full time
60
24
3
13
Part time
75
18
Union
79
18
Nonunion
50
27
4
19
Average wage within the following categories:4
       
    Lowest 25 percent
65
23
        Lowest 10 percent
79
16
5
    Second 25 percent
64
18
2
16
    Third 25 percent
63
22
3
13
    Highest 25 percent
59
27
3
11
        Highest 10 percent
57
26
Establishment characteristics
       
Goods-producing industries
56
28
3
13
    Construction
93
5
    Manufacturing
42
36
4
18
Service-providing industries
64
22
2
12
    Trade, transportation, and utilities
69
24
1
6
        Wholesale trade
68
23
        Retail trade
63
28
        Transportation and warehousing
75
19
        Utilities
68
25
    Information
30
56
    Financial activities
55
19
3
23
        Finance and insurance
53
20
3
24
            Credit intermediation and related activities
46
18
2
33
            Insurance carriers and related activities
68
20
3
9
        Real estate and rental and leasing
86
    Professional and business services
70
10
        Professional and technical services
83
    Education and health services
62
22
        Educational services
58
30
            Junior colleges, colleges, and universities
66
19
        Health care and social assistance
63
20
    Leisure and hospitality
93
        Accommodation and food services
100
    Other services
79
1 to 99 workers
64
20
2
14
    1 to 49 workers
59
22
2
17
    50 to 99 workers
71
18
100 workers or more
61
24
3
12
    100 to 499 workers
61
25
4
10
    500 workers or more
61
24
2
13
Geographic areas
       
Northeast
67
18
1
13
    New England
70
19
    Middle Atlantic
66
18
1
14
South
62
26
2
10
    South Atlantic
63
25
3
9
    East South Central
55
35
    West South Central
62
24
Midwest
63
20
3
14
    East North Central
66
17
    West North Central
54
29
West
53
30
    Mountain
67
17
    Pacific
48
34
1Plans open to new participants.
2New employees are not allowed in the plan. Benefit accruals may continue for existing participants.
3Participants in these plans stop accruing benefits on the date the plan is frozen. The benefit the employee receives is
calculated as of the day the plan was frozen.
4Surveyed 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.