Table 10. Standard errors for defined benefit plans: Primary formula, private industry workers, 2017
Characteristics |
Traditional |
Traditional plan formula |
Non-
traditional |
Nontraditional plan formula |
Percent of
terminal
earnings |
Dollar times
years |
Percent
of career
earnings |
Percent of
employer
contribution |
Cash
balance |
Pension
equity |
Other |
Worker characteristics
|
|
All workers |
3.7 |
3.2 |
3.0 |
- |
- |
3.7 |
3.7 |
- |
- |
Management, professional, and related |
5.3 |
4.6 |
- |
- |
- |
5.3 |
5.3 |
- |
- |
Management, business, and financial |
5.9 |
5.8 |
- |
- |
- |
5.9 |
5.9 |
- |
- |
Professional and related |
6.5 |
5.6 |
- |
- |
- |
6.5 |
6.5 |
- |
- |
Sales and office |
4.3 |
5.6 |
- |
- |
- |
4.3 |
4.1 |
- |
- |
Sales and related |
9.2 |
4.0 |
- |
- |
- |
9.2 |
9.2 |
- |
- |
Office and administrative support |
4.4 |
6.4 |
- |
- |
- |
4.4 |
4.3 |
- |
- |
Natural resources, construction, and maintenance |
3.6 |
4.7 |
- |
- |
4.6 |
3.6 |
3.4 |
- |
- |
Construction, extraction, farming, fishing, and
forestry |
- |
- |
- |
- |
7.9 |
- |
- |
- |
- |
Installation, maintenance, and repair |
6.0 |
7.2 |
6.9 |
- |
- |
6.0 |
5.4 |
- |
- |
Production, transportation, and material moving |
3.2 |
6.5 |
6.6 |
- |
- |
3.2 |
2.3 |
- |
- |
Production |
- |
- |
7.6 |
- |
- |
- |
- |
- |
- |
Transportation and material moving |
3.0 |
9.0 |
7.9 |
- |
- |
3.0 |
- |
- |
- |
Full time |
3.6 |
3.5 |
3.2 |
- |
- |
3.6 |
3.6 |
- |
- |
Part time |
6.8 |
3.5 |
6.3 |
- |
- |
6.8 |
6.8 |
- |
- |
Union |
2.5 |
4.2 |
4.8 |
- |
- |
2.5 |
2.4 |
- |
- |
Nonunion |
4.8 |
4.2 |
- |
- |
- |
4.8 |
4.7 |
- |
- |
Average wage within the following categories: |
|
Lowest 25 percent |
7.2 |
- |
- |
- |
- |
7.2 |
7.2 |
- |
- |
Second 25 percent |
4.4 |
5.1 |
7.6 |
- |
- |
4.4 |
4.4 |
- |
- |
Third 25 percent |
6.1 |
4.4 |
4.9 |
- |
- |
6.1 |
6.0 |
- |
- |
Highest 25 percent |
4.1 |
3.8 |
3.0 |
- |
- |
4.1 |
4.1 |
- |
- |
Highest 10 percent |
6.4 |
6.3 |
- |
- |
- |
6.4 |
6.3 |
- |
- |
Establishment characteristics
|
|
Goods-producing industries |
3.6 |
5.0 |
5.6 |
- |
- |
3.6 |
2.6 |
- |
- |
Construction |
- |
- |
- |
- |
9.5 |
- |
- |
- |
- |
Manufacturing |
- |
6.2 |
7.8 |
- |
- |
- |
- |
- |
- |
Service-providing industries |
4.4 |
3.9 |
3.1 |
- |
- |
4.4 |
4.4 |
- |
- |
Trade, transportation, and utilities |
3.1 |
7.2 |
4.8 |
- |
- |
3.1 |
2.9 |
- |
- |
Wholesale trade |
- |
12.5 |
- |
- |
- |
- |
- |
- |
- |
Transportation and warehousing |
- |
12.4 |
- |
- |
- |
- |
- |
- |
- |
Utilities |
- |
9.7 |
- |
- |
- |
- |
6.7 |
- |
- |
Information |
9.5 |
- |
- |
- |
- |
9.5 |
9.5 |
- |
- |
Financial activities |
3.5 |
3.4 |
- |
- |
- |
3.5 |
3.8 |
- |
- |
Finance and insurance |
3.6 |
3.6 |
- |
- |
- |
3.6 |
4.0 |
- |
- |
Credit intermediation and related activities |
5.9 |
5.8 |
- |
- |
- |
5.9 |
5.9 |
- |
- |
Insurance carriers and related activities |
6.8 |
7.6 |
- |
- |
- |
6.8 |
7.6 |
- |
- |
Professional and business services |
11.7 |
- |
- |
- |
- |
11.7 |
11.7 |
- |
- |
Education and health services |
10.3 |
7.2 |
- |
- |
- |
10.3 |
10.5 |
- |
- |
Educational services |
- |
13.1 |
- |
- |
- |
- |
- |
- |
- |
Junior colleges, colleges, and universities |
- |
6.9 |
- |
6.8 |
- |
- |
- |
- |
- |
Health care and social assistance |
- |
- |
- |
- |
- |
- |
10.2 |
- |
- |
1 to 99 workers |
9.5 |
5.5 |
- |
- |
- |
9.5 |
9.5 |
- |
- |
1 to 49 workers |
- |
8.1 |
- |
- |
- |
- |
- |
- |
- |
50 to 99 workers |
5.9 |
- |
7.9 |
- |
- |
5.9 |
5.9 |
- |
- |
100 workers or more |
3.4 |
4.0 |
3.5 |
- |
- |
3.4 |
3.4 |
- |
- |
100 to 499 workers |
4.7 |
5.6 |
4.3 |
- |
- |
4.7 |
4.6 |
- |
- |
500 workers or more |
4.1 |
5.0 |
4.8 |
- |
- |
4.1 |
4.0 |
- |
- |
Geographic areas
|
|
Northeast |
8.3 |
7.1 |
- |
- |
- |
8.3 |
8.3 |
- |
- |
Middle Atlantic |
6.4 |
8.2 |
- |
- |
- |
6.4 |
6.3 |
- |
- |
South |
5.5 |
5.9 |
4.7 |
- |
- |
5.5 |
5.4 |
- |
- |
South Atlantic |
4.2 |
5.8 |
5.5 |
- |
- |
4.2 |
3.9 |
- |
- |
West South Central |
- |
10.8 |
- |
- |
- |
- |
- |
- |
- |
Midwest |
7.1 |
4.1 |
6.8 |
- |
- |
7.1 |
6.9 |
- |
- |
East North Central |
9.1 |
3.5 |
6.7 |
- |
- |
9.1 |
9.0 |
- |
- |
West North Central |
8.1 |
- |
- |
- |
- |
8.1 |
8.1 |
- |
- |
West |
5.6 |
6.2 |
- |
- |
- |
5.6 |
5.4 |
- |
- |
Pacific |
6.2 |
5.2 |
- |
- |
- |
6.2 |
6.3 |
- |
- |
Last Modified Date: May 15, 2018
|