Table 10. Percent of full-time employees participating in savings and thrift retirement plans by selected plan features, 1997
Table 10. Percent of full-time employees
participating in savings and thrift retirement
plans by selected plan features, medium and large
private establishments, 1997
Percent of
Selected feature participants
Employee contribution limit:
Total.............................. 100
Under 15 percent of earnings...... 28
15 percent........................ 33
16 percent........................ 17
Greater than 16 percent........... 11
Internal Revenue Code limit(1).... 10
Maximum employee contribution
matched by employer
Total.............................. 100
Under 6 percent of earnings....... 42
6 percent......................... 48
Greater than 6 percent............ 10
Employer matching rate:(2)
Total.............................. 100
1-49 percent...................... 23
50 percent........................ 47
100 percent....................... 15
Average(2)
Average employee contribution limit
(percent of earnings)........... 14.3
1 In 1997, the annual limit on employee
contributions to qualified plans was $9,500.
2 The average is presented for all covered
workers; averages exclude workers without the plan
provision.
NOTE: Because of rounding, sums of individual
items may not equal totals.
United States Department of Labor
