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Employee Benefits Survey
EBS EBS Program Links

Defined benefit frozen retirement plans: Plan alternatives

Table 7. Defined benefit frozen retirement plans:1 Plan alternatives, private industry workers, March
2017
(All workers participating in frozen defined benefit plans = 100 percent)
Characteristics No
alternative to
frozen plans 		Alternatives
to frozen
plans 		Alternatives to frozen plans2
Modified
existing
defined
benefit plan 		New defined
benefit plan 		Enhanced
existing
defined
contribution
plan 		New defined
contribution
plan
All workers
9
91
8
24
33
34
Worker characteristics
           
Management, professional, and related
8
92
8
26
37
31
    Management, business, and financial
7
93
6
29
40
29
    Professional and related
9
91
8
25
36
33
Service
11
89
–
–
34
45
Sales and office
13
87
7
20
35
31
    Sales and related
16
84
–
–
39
39
    Office and administrative support
12
88
8
23
33
29
Natural resources, construction, and maintenance
7
93
9
37
33
20
Production, transportation, and material moving
9
91
9
24
20
42
    Transportation and material moving
9
91
–
26
15
44
Full time
8
92
8
24
34
34
Part time
24
76
9
–
–
33
Union
4
96
11
40
22
28
Nonunion
11
89
7
20
35
35
Average wage within the following categories:3
           
    Lowest 25 percent
25
75
–
–
24
32
    Second 25 percent
12
88
12
13
32
36
    Third 25 percent
9
91
10
24
23
39
    Highest 25 percent
7
93
5
30
40
29
        Highest 10 percent
7
93
4
31
45
28
Establishment characteristics
           
Goods-producing industries
7
93
8
22
37
36
    Construction
–
100
–
–
–
–
    Manufacturing
7
93
–
21
38
38
Service-providing industries
10
90
8
25
31
32
    Trade, transportation, and utilities
15
85
11
21
21
39
        Retail trade
35
65
–
11
20
42
    Financial activities
4
96
3
16
50
28
        Finance and insurance
4
96
3
16
49
28
            Credit intermediation and related activities
4
96
5
11
43
38
            Insurance carriers and related activities
5
95
2
30
53
–
    Professional and business services:
         Professional and technical services
–
100
–
70
80
–
    Education and health services
12
88
–
–
21
42
        Health care and social assistance
11
89
–
–
25
48
1 to 99 workers
8
92
–
25
26
33
    1 to 49 workers
5
95
–
25
26
33
100 workers or more
10
90
7
24
35
34
    100 to 499 workers
13
87
10
29
28
33
    500 workers or more
7
93
5
20
40
34
Geographic areas
           
Northeast
10
90
4
17
34
39
    New England
8
92
–
–
40
46
South
10
90
7
29
32
29
    South Atlantic
12
88
4
24
39
32
    West South Central
6
94
–
38
24
–
Midwest
10
90
13
25
24
37
    East North Central
10
90
–
23
22
37
West
7
93
–
24
43
32
    Pacific
8
92
–
26
43
33
1Plans closed to new workers or plans that cease accruals for some or all plan participants.
2The sum of the individual components may be greater than the total because some employers offer more than one alternative.
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 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.