Table 20. Savings and thrift plans: Methods of retirement benefits distribution, private industry workers, 2017

Employee Benefits Survey

ANNUAL BULLETIN ON BENEFIT COVERAGE

Table 20. Savings and thrift plans: Methods of retirement benefits distribution, private industry workers, 2017
(All workers participating in savings and thrift plans = 100 percent)
Characteristics	Lump sum(1)	Annuity(1)	Installments(1)	Other(1)(2)	Not determinable(1)
Worker characteristics
All workers	86	12	38	4	13
Management, professional, and related	83	18	35	3	16
Management, business, and financial	86	12	33	4	13
Professional and related	81	23	36	-	18
Service	90	10	34	-	9
Protective service	98	-	-	-	1
Sales and office	88	8	39	7	11
Sales and related	91	7	34	11	8
Office and administrative support	87	9	42	5	12
Natural resources, construction, and maintenance	84	11	40	-	16
Construction, extraction, farming, fishing, and forestry	83	-	31	-	17
Installation, maintenance, and repair	84	13	44	-	15
Production, transportation, and material moving	88	6	43	2	12
Production	81	6	37	-	19
Transportation and material moving	-	-	51	-	-
Full time	85	12	38	3	14
Part time	93	11	40	-	7
Union	88	16	48	-	12
Nonunion	86	12	37	4	13
Average wage within the following categories(3):
Lowest 25 percent	93	-	38	-	7
Lowest 10 percent	-	-	37	-	-
Second 25 percent	88	8	34	4	12
Third 25 percent	85	12	40	3	14
Highest 25 percent	84	17	39	4	16
Highest 10 percent	84	19	39	4	15
Establishment characteristics
Goods-producing industries	82	9	40	-	18
Construction	92	-	28	-	8
Service-providing industries	87	13	37	5	12
Trade, transportation, and utilities	92	6	38	-	8
Wholesale trade	93	-	41	-	7
Retail trade	93	-	29	-	7
Transportation and warehousing	93	-	54	-	7
Information	93	-	39	-	7
Financial activities	89	14	42	15	8
Finance and insurance	90	15	43	16	8
Credit intermediation and related activities	91	16	48	-	8
Insurance carriers and related activities	88	15	39	-	10
Professional and business services	84	-	37	-	16
Education and health services	81	26	32	-	18
Educational services	78	46	44	-	18
Junior colleges, colleges, and universities	79	59	56	-	15
Health care and social assistance	81	24	31	-	18
1 to 99 workers	80	7	30	3	19
1 to 49 workers	81	8	27	2	19
100 workers or more	90	15	43	5	10
100 to 499 workers	90	14	39	5	10
500 workers or more	89	16	48	4	10
Geographic areas
Northeast	92	14	45	-	7
New England	96	-	41	-	2
Middle Atlantic	91	13	46	-	8
South	86	11	38	5	14
South Atlantic	83	-	36	7	17
East South Central	89	-	31	-	11
West South Central	91	8	45	-	9
Midwest	83	8	35	-	16
East North Central	83	8	30	-	16
West North Central	83	9	49	-	17
West	85	16	35	-	14
Pacific	88	19	34	-	11
Footnotes: (1) Sum of individual items may be greater than total because multiple methods of distribution are available to some employees. (2) Includes methods of distribution not calculated separately (e.g., employer stock). (3) Surveyed 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 data from the National Compensation Survey publication, "Employer Costs for Employee Compensation - March 2017." Note: Because of rounding, sums of individual items may not equal totals. Dashes indicate that no data were reported or that data do 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: U.S. Bureau of Labor Statistics, National Compensation Survey.

Last Modified Date: May 15, 2018