Defined benefit retirement plans: Employee contribution requirement and method of contribution Standard Errors

Table 3. Standard errors for defined benefit retirement plans: Employee contribution
requirement and method of contribution, private industry workers,  National
Compensation Survey, March 2009

Characteristics

Employee
contribution
required

Fixed percent of earnings1

Employee
contibution
not required

Total

Mean fixed
percent of
earnings

Median fixed
percent of
earnings

All workers

0.8

0.8

0.8

0.8

Worker characteristics

         

Management, professional, and related

0.6

0.6

0.6

0.6

    Management, business, and financial

0.4

0.3

0.3

0.3

0.4

    Professional and related

1.0

1.0

0.7

1.0

Service

Sales and office

    Sales and related

0.5

0.5

    Office and administrative support

Natural resources, construction, and maintenance

1.4

1.0

0.3

1.4

    Construction, extraction, farming, fishing, and
     forestry

1.5

1.5

    Installation, maintenance, and repair

2.2

2.2

Production, transportation, and material moving

1.1

0.5

0.5

1.1

    Production

1.4

1.4

    Transportation and material moving

1.9

0.8

0.7

1.9

Full time

0.8

0.7

0.8

0.8

Part time

2.3

2.3

Union

1.3

1.3

Nonunion

0.7

0.6

0.8

0.7

Wage percentiles:2

         

    Lowest 10 percent

    Lowest 25 percent

    Second 25 percent

0.8

0.7

0.8

    Third 25 percent

0.6

0.4

0.5

0.3

0.6

    Highest 25 percent

0.8

0.5

0.5

0.8

    Highest 10 percent

1.0

0.9

0.8

1.0

Establishment characteristics

         

Goods-producing industries

0.7

0.3

0.0

0.0

0.7

    Construction

1.8

1.8

    Manufacturing

0.6

0.4

0.0

0.0

0.6

Service-providing industries

1.1

1.0

0.9

1.1

    Trade, transportation, and utilities

1.2

0.9

0.7

1.2

        Wholesale trade

        Retail trade

0.2

        Transportation and warehousing

2.9

2.9

        Utilities

    Information

    Financial activities

        Finance and insurance

0.2

[3]

0.5

0.2

            Credit intermediation and related activities

0.3

0.2

0.3

0.3

            Insurance carriers and related activities

0.1

    Professional and business services

    Education and health services

            Junior colleges, colleges, and universities

0.9

0.7

0.2

0.0

0.9

        Health care and social assistance

        Accommodation and food services

0.0

1 to 99 workers

1.1

0.8

0.7

1.1

    1 to 49 workers

1.6

1.2

0.8

1.6

    50 to 99 workers

0.9

0.9

100 workers or more

1.0

0.9

0.8

1.0

    100 to 499 workers

2.4

2.4

    500 workers or more

0.5

0.4

0.6

0.2

0.5

Geographic areas

         

New England

1.2

0.6

1.0

2.0

1.2

Middle Atlantic

1.0

0.4

0.6

1.0

East North Central

0.6

0.3

0.9

0.6

West North Central

2.5

2.5

South Atlantic

1.0

0.8

0.3

0.0

1.0

West South Central

Pacific

0.8

0.6

0.8

0.8

Footnotes:

1The employee contributes a fixed percentage of his or her earnings to the retirement plan.

2The percentile groupings are based on the average wage for each occupation surveyed, which may include workers both above and
below the threshold. The percentile values are based on the estimates published in the "National Compensation Survey: Occupational
Earnings in the United States, 2008." See Technical Note for more details.

3Less than 0.05.

NOTE: 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/glossary20082009.htm.