Employees required to contribute to their defined contribution retirement plans
December 14, 2010
In March 2010, 63 percent of private sector workers were required to contribute to their employer-provided defined contribution retirement plans. This compares with 58 percent of State and local government workers.
Among part-time workers, 56 percent who worked in private industry were required to contribute to their defined contribution plans, compared with 62 percent of those who worked in State and local government. For full-time workers, the percentages were the same as those for all workers, 63 percent in the private sector and 58 percent in State and local government.
For unionized workers, 59 percent in private industry were required to contribute to their plans in March 2010, compared with 43 percent in State and local government; for nonunion workers, the figures were 63 and 66 percent, respectively.
These data are from the National Compensation Survey – Benefits program. To learn more, see "Program Perspectives on Defined Contribution Plans" (PDF). Defined contribution plans are retirement plans that specify the level of employer contributions and place those contributions into individual employee accounts.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employees required to contribute to their defined contribution retirement plans on the Internet at http://www.bls.gov/opub/ted/2010/ted_20101214.htm (visited December 05, 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.