Defined benefit frozen retirement plans: Selected attributes

Table 6. Defined benefit frozen retirement plans:1 Selected attributes,
private industry workers, March 2018
(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
89
Worker characteristics
     
Management, professional, and related
90
    Management, business, and financial
93
    Professional and related
88
Service
62
    Protective service
94
Sales and office
93
    Sales and related
2
98
    Office and administrative support
92
Natural resources, construction, and maintenance
85
    Construction, extraction, farming, fishing, and
     forestry
93
    Installation, maintenance, and repair
83
Production, transportation, and material moving
10
90
    Production
89
    Transportation and material moving
8
92
Full time
90
Part time
80
Union
87
Nonunion
[3]
10
89
Average wage within the following categories:4
     
    Lowest 25 percent
78
    Second 25 percent
90
    Third 25 percent
87
    Highest 25 percent
91
        Highest 10 percent
91
Establishment characteristics
     
Goods-producing industries
10
90
    Construction
96
    Manufacturing
10
90
Service-providing industries
88
    Trade, transportation, and utilities
92
        Wholesale trade
98
        Retail trade
100
        Transportation and warehousing
90
        Utilities
74
    Information
95
    Financial activities
8
92
        Finance and insurance
8
92
            Credit intermediation and related activities
96
            Insurance carriers and related activities
83
    Professional and business services
95
        Professional and technical services
98
        Administrative and waste services
100
    Education and health services
73
        Educational services
85
        Health care and social assistance
71
    Other services
100
1 to 99 workers
88
    1 to 49 workers
84
    50 to 99 workers
94
100 workers or more
89
    100 to 499 workers
89
    500 workers or more
89
Geographic areas
     
Northeast
86
    New England
77
    Middle Atlantic
89
South
91
    South Atlantic
7
93
    East South Central
80
    West South Central
93
Midwest
89
    East North Central
88
    West North Central
7
93
West
87
    Mountain
92
    Pacific
15
85
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 2017 are included in the "1 year" column. Those frozen between 2013 and 2016 are included in
the "2 to 5 years" column and plans frozen before 2013 are included in the "Greater than 5 years" column.
3Less than 0.5.
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.