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 2017
(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
63
22
3
12
Worker characteristics
       
Management, professional, and related
55
27
3
15
    Management, business, and financial
56
23
3
18
    Professional and related
55
29
3
13
Service
77
12
Sales and office
61
21
2
15
    Sales and related
63
18
    Office and administrative support
61
23
2
14
Natural resources, construction, and maintenance
77
16
2
5
    Construction, extraction, farming, fishing, and
     forestry
94
3
    Installation, maintenance, and repair
59
31
3
7
Production, transportation, and material moving
64
23
3
11
    Production
49
31
3
16
    Transportation and material moving
76
15
2
6
Full time
61
23
3
13
Part time
76
17
Union
80
16
Nonunion
51
26
4
19
Average wage within the following categories:4
       
    Lowest 25 percent
68
20
        Lowest 10 percent
73
4
    Second 25 percent
66
16
3
15
    Third 25 percent
62
22
2
13
    Highest 25 percent
61
25
3
11
        Highest 10 percent
57
26
4
13
Establishment characteristics
       
Goods-producing industries
58
26
3
13
    Construction
98
    Manufacturing
43
35
5
17
Service-providing industries
65
21
2
12
    Trade, transportation, and utilities
72
21
2
5
        Wholesale trade
71
23
        Retail trade
68
24
        Transportation and warehousing
76
18
        Utilities
69
23
3
4
    Information
29
57
    Financial activities
54
18
3
25
        Finance and insurance
53
19
2
26
            Credit intermediation and related activities
47
17
3
34
            Insurance carriers and related activities
66
22
2
10
        Real estate and rental and leasing
87
    Professional and business services
71
9
        Professional and technical services
83
        Administrative and waste services
43
38
    Education and health services
62
21
        Educational services
58
32
            Junior colleges, colleges, and universities
70
19
        Health care and social assistance
63
20
    Leisure and hospitality
94
        Accommodation and food services
100
    Other services
80
6
1 to 99 workers
65
20
2
13
    1 to 49 workers
61
21
2
16
    50 to 99 workers
70
19
100 workers or more
62
23
3
12
    100 to 499 workers
63
23
4
10
    500 workers or more
62
23
2
13
Geographic areas
       
Northeast
68
18
1
13
    New England
70
18
    Middle Atlantic
67
18
2
14
South
63
25
2
10
    South Atlantic
65
23
3
9
    East South Central
56
34
    West South Central
62
25
Midwest
64
19
3
14
    East North Central
66
17
    West North Central
57
26
West
55
27
    Mountain
69
17
    Pacific
51
31
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 2017.

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/glossary20162017.htm.

Source: Bureau of Labor Statistics, National Compensation Survey.