Defined benefit frozen retirement plans: Selected attributes

Table 6. Defined benefit frozen retirement plans:1 Selected attributes,
private industry workers, March 2016
(All workers participating in frozen defined benefit plans = 100 percent)
Characteristics Time since plan closed to new workers or
stopped accruing benefits2
1 year 2 to 5 years Greater than
5 years
All workers
77
Worker characteristics
     
Management, professional, and related
75
    Management, business, and financial
80
    Professional and related
71
Service
61
    Protective service
99
Sales and office
80
    Sales and related
91
    Office and administrative support
76
Natural resources, construction, and maintenance
30
70
    Construction, extraction, farming, fishing, and
     forestry
65
    Installation, maintenance, and repair
29
71
Production, transportation, and material moving
14
86
    Production
17
83
    Transportation and material moving
7
93
Full time
77
Part time
80
Union
34
66
Nonunion
80
Average wage within the following categories:3
     
    Lowest 25 percent
81
        Lowest 10 percent
61
    Second 25 percent
79
    Third 25 percent
79
    Highest 25 percent
75
        Highest 10 percent
77
Establishment characteristics
     
Goods-producing industries
23
77
    Construction
74
    Manufacturing
24
76
Service-providing industries
77
    Trade, transportation, and utilities
10
90
        Wholesale trade
79
        Retail trade
8
92
        Transportation and warehousing
100
        Utilities
29
71
    Information
20
80
    Financial activities
26
74
        Finance and insurance
27
73
            Credit intermediation and related activities
32
68
            Insurance carriers and related activities
88
    Professional and business services
99
        Professional and technical services
96
        Administrative and waste services
99
    Education and health services
57
            Junior colleges, colleges, and universities
46
54
        Health care and social assistance
58
1 to 99 workers
70
    1 to 49 workers
67
    50 to 99 workers
23
77
100 workers or more
79
    100 to 499 workers
81
    500 workers or more
78
Geographic areas
     
Northeast
77
    New England
78
    Middle Atlantic
77
South
16
84
    South Atlantic
19
81
    East South Central
78
    West South Central
94
Midwest
83
    East North Central
80
    West North Central
88
West
38
62
    Mountain
25
75
    Pacific
41
59
1Plans closed to new workers or plans that cease accruals for some or all plan participants.
2The length of time is calculated based on the year the plan was modified. For example, plans frozen
after January 2015 are included in the "1 year" column. Those frozen between 2011 and 2014 are included in
the "2 to 5 years" column and plans frozen before 2011 are included in the "Greater than 5 years" column.
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: 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.