Defined benefit frozen retirement plans: Plan alternatives

Table 7. Defined benefit frozen retirement plans:1 Plan alternatives, civilian workers,2 March 2018
(All workers participating in frozen defined benefit plans = 100 percent)
Characteristics No
alternative to
frozen plans
Alternatives
to frozen
plans
Alternatives to frozen plans3
Modified
existing
defined
benefit plan
New defined
benefit plan
Enhanced
existing
defined
contribution
plan
New defined
contribution
plan
All workers
4
96
58
12
15
23
Worker characteristics
           
Management, professional, and related
3
97
64
10
16
22
    Management, business, and financial
4
96
44
13
28
25
    Professional and related
3
97
71
9
13
20
Service
3
97
77
7
5
22
Sales and office
8
92
46
12
20
26
    Sales and related
23
77
42
22
    Office and administrative support
6
94
53
12
16
27
Natural resources, construction, and maintenance
5
95
47
24
13
18
Production, transportation, and material moving
7
93
29
24
17
30
Full time
3
97
59
12
16
23
Part time
17
83
52
9
7
21
Union
2
98
76
12
5
20
Nonunion
6
94
46
12
23
25
Average wage within the following categories:4
           
    Lowest 25 percent
15
85
59
7
12
19
    Second 25 percent
4
96
60
12
13
24
    Third 25 percent
5
95
55
14
11
26
    Highest 25 percent
2
98
59
12
20
21
        Highest 10 percent
3
97
54
12
24
24
Establishment characteristics
           
Goods-producing industries
4
96
14
28
39
30
Service-providing industries
4
96
64
10
12
22
    Education and health services
2
98
82
5
4
21
        Health care and social assistance
7
93
41
15
34
    Public administration
100
89
8
20
1 to 99 workers
4
96
58
14
12
24
    1 to 49 workers
3
97
51
13
13
25
    50 to 99 workers
5
95
66
14
10
21
100 workers or more
4
96
58
12
16
23
    100 to 499 workers
8
92
56
13
14
24
    500 workers or more
3
97
59
11
17
22
Geographic areas
           
Northeast
5
95
62
6
14
24
    Middle Atlantic
5
95
64
7
14
24
South
4
96
58
15
14
26
    South Atlantic
6
94
46
17
20
38
Midwest
5
95
52
14
15
24
    East North Central
5
95
50
14
15
28
West
4
96
60
11
19
16
    Pacific
5
95
58
12
19
18
1Plans closed to new workers or plans that cease accruals for some or all plan participants.
2Includes workers in private industry and state and local government. See Technical Note for further explanation.
3The sum of the individual components may be greater than the total because some employers offer more than one alternative.
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 2018.

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/national-compensation-survey-glossary-of-employee-benefit-terms.htm.

Source: U.S. Bureau of Labor Statistics, National Compensation Survey.