Table 10. Percent of full-time employees participating in savings and thrift retirement plans by selected plan features
Table 10. Percent of full-time employees
participating in savings and thrift retirement
plans by selected plan features, small private
establishments, 1996
Percent of
Selected feature participants
Employee contribution limit:
Under 15 percent of earnings...... 27
15 percent........................ 40
Over 15 percent................... 18
Internal Revenue Code limit(1).... 11
Other............................. 1
Average employee contribution
limit (percent of earnings)...... 13.9
Employer match limit:(2)
Up to 5 percent of earnings....... 49
Over 5 up to 6 percent............ 38
Over 6 percent.................... 12
Selected employer match rates:(2)
Under 50 percent.................. 31
50 percent........................ 36
100 percent....................... 28
1 In 1996, the limit on employee contributions to
qualified plans was $9,500 per year.
2 In plans specifying a limit and match rate.
United States Department of Labor
