Employer costs for retirement and savings plans, June 2004
September 16, 2004
In June 2004, average costs to employers in private industry for retirement and savings benefits were 82 cents per hour worked.
Among occupational groups, retirement and savings costs ranged from 18 cents per hour worked for service occupations to $1.53 for management, professional, and related occupations.
Sales and office occupations averaged 52 cents; production, transportation, and material moving occupations, 88 cents; and natural resources, construction, and maintenance occupations, $1.27 per hour.
The cost of all employee benefits—including paid leave, supplemental pay, insurance, legally required benefits, as well as retirement and savings plans—averaged $6.69 per hour worked in private industry in June 2004. Wages and salaries averaged $16.71 per hour.
These data are from the BLS National Compensation Survey - Compensation Cost Trends program. Learn more about employer costs for wages, salaries, and benefits in "Employer Costs for Employee Compensation - June 2004" (PDF) (TXT), news release USDL 04-1805.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employer costs for retirement and savings plans, June 2004 on the Internet at http://www.bls.gov/opub/ted/2004/sept/wk2/art04.htm (visited October 23, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.