Defined contribution retirement plans: Selected attributes

Table 8. Defined contribution retirement plans: Selected attributes, private
industry workers,  National Compensation Survey, March 2011

(All workers participating in defined contribution plans = 100 percent)

Characteristics

Employee contribution

Employee contribution
option

Required

Not required

Pretax

Not pretax

All workers

62

38

78

22

Worker characteristics

       

Management, professional, and related

67

33

84

16

    Management, business, and financial

69

31

85

15

    Professional and related

66

34

84

16

Service

63

37

84

16

    Protective service

76

24

83

17

Sales and office

55

45

69

31

    Sales and related

46

54

55

45

    Office and administrative support

60

40

78

22

Natural resources, construction, and maintenance

63

37

81

19

    Construction, extraction, farming, fishing, and
     forestry

55

45

79

21

    Installation, maintenance, and repair

69

31

83

17

Production, transportation, and material moving

66

34

81

19

    Production

67

33

82

18

    Transportation and material moving

66

34

80

20

Full time

63

37

79

21

Part time

55

45

70

30

Union

60

40

81

19

Nonunion

62

38

78

22

Average wage within the following categories:1

       

    Lowest 25 percent

56

44

70

30

        Lowest 10 percent

69

31

83

17

    Second 25 percent

55

45

71

29

    Third 25 percent

65

35

82

18

    Highest 25 percent

67

33

84

16

        Highest 10 percent

67

33

85

15

Establishment characteristics

       

Goods-producing industries

66

34

82

18

    Construction

56

44

77

23

    Manufacturing

69

31

84

16

Service-providing industries

61

39

78

22

    Trade, transportation, and utilities

52

48

63

37

        Wholesale trade

66

34

83

17

        Retail trade

42

58

49

51

        Transportation and warehousing

61

39

76

24

        Utilities

87

13

93

7

    Information

77

23

88

12

    Financial activities

69

31

85

15

        Finance and insurance

69

31

86

14

            Credit intermediation and related activities

65

35

87

13

            Insurance carriers and related activities

78

22

87

13

        Real estate and rental and leasing

70

30

80

20

    Professional and business services

66

34

86

14

        Professional and technical services

66

34

84

16

        Administrative and waste services

65

35

    Education and health services

59

41

82

18

        Educational services

58

42

82

18

            Junior colleges, colleges, and universities

59

41

82

18

        Health care and social assistance

60

40

82

18

    Leisure and hospitality

74

26

86

14

        Accommodation and food services

79

21

89

11

    Other services

64

36

1 to 99 workers

64

36

83

17

    1 to 49 workers

63

37

83

17

    50 to 99 workers

66

34

81

19

100 workers or more

61

39

76

24

    100 to 499 workers

57

43

70

30

    500 workers or more

66

34

82

18

Geographic areas

       

New England

64

36

80

20

Middle Atlantic

60

40

81

19

East North Central

59

41

76

24

West North Central

63

37

78

22

South Atlantic

61

39

77

23

East South Central

64

36

74

26

West South Central

63

37

74

26

Mountain

63

37

83

17

Pacific

68

32

83

17

1The categories are based on the average wage for
each occupation surveyed, which may include workers
with earnings both above and below the threshold. The
average wages are based on the estimates published in
the "National Compensation Survey: Occupational
Earnings in the United States, 2010." See Technical Note
for more&nb sp;details.


NOTE: Because of rounding, sums of individual items may
not equal totals. 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/glossary20102011.htm.