Standard Errors
Defined benefit retirement plans: Open and frozen plans

Table 4. Standard errors for defined benefit retirement plans: Open
and frozen plans, private industry workers,  National Compensation
Survey, March 2013

Characteristics

Open plans1

Frozen plans2

All workers

1.3

1.3

Worker characteristics

   

Management, professional, and related

2.3

2.3

    Management, business, and financial

3.4

3.4

    Professional and related

2.6

2.6

Service

2.4

2.4

    Protective service

10.4

10.4

Sales and office

1.8

1.8

    Sales and related

3.7

3.7

    Office and administrative support

1.8

1.8

Natural resources, construction, and maintenance

2.4

2.4

    Construction, extraction, farming, fishing, and
     forestry

1.1

1.1

    Installation, maintenance, and repair

4.5

4.5

Production, transportation, and material moving

2.1

2.1

    Production

2.8

2.8

    Transportation and material moving

2.6

2.6

Full time

1.4

1.4

Part time

2.1

2.1

Union

1.3

1.3

Nonunion

1.9

1.9

Average wage within the following categories:3

   

    Lowest 25 percent

3.4

3.4

        Lowest 10 percent

4.5

4.5

    Second 25 percent

2.3

2.3

    Third 25 percent

1.3

1.3

    Highest 25 percent

1.8

1.8

        Highest 10 percent

2.7

2.7

Establishment characteristics

   

Goods-producing industries

2.0

2.0

    Manufacturing

2.5

2.5

Service-providing industries

1.6

1.6

    Trade, transportation, and utilities

2.0

2.0

        Wholesale trade

8.5

8.5

        Retail trade

3.1

3.1

        Transportation and warehousing

3.0

3.0

        Utilities

3.2

3.2

    Information

5.7

5.7

    Financial activities

2.2

2.2

        Finance and insurance

2.3

2.3

            Credit intermediation and related activities

3.5

3.5

            Insurance carriers and related activities

2.9

2.9

    Professional and business services

5.4

5.4

    Education and health services

3.1

3.1

        Educational services

2.9

2.9

            Junior colleges, colleges, and universities

1.3

1.3

        Healthcare and social assistance

3.6

3.6

1 to 99 workers

2.3

2.3

    1 to 49 workers

2.9

2.9

    50 to 99 workers

3.5

3.5

100 workers or more

1.7

1.7

    100 to 499 workers

3.2

3.2

    500 workers or more

1.9

1.9

Geographic areas

   

New England

4.9

4.9

Middle Atlantic

3.0

3.0

East North Central

2.3

2.3

West North Central

4.9

4.9

South Atlantic

3.9

3.9

East South Central

5.0

5.0

West South Central

3.5

3.5

Mountain

6.9

6.9

Pacific

3.0

3.0

1Plans open to new participants.

3Surveyed 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 2013."

2Plans closed to new workers or plans that
cease accruals for some or all plan participants.


NOTE: For definitions of major plans, key
provisions, and related terms, see the "Glossary of
Employee Benefit Terms" at
www.bls.gov/ncs/ebs/glossary20122013.htm.