Workers with Access to and Participating in Retirement Benefits, 2005
Updated August 5, 2020 |
Infoplease Staff
| All retirement plans | Defined benefit1 | Defined Contribution2 | ||||
|---|---|---|---|---|---|---|
| Access | Participation | Access | Participation | Access | Participation | |
| All workers | 60% | 50% | 22% | 21% | 53% | 42% |
| White collar | 70 | 61 | 25 | 24 | 64 | 53 |
| Blue collar | 60 | 51 | 26 | 26 | 50 | 38 |
| Service | 32 | 22 | 7 | 7 | 28 | 18 |
| Bargaining status: | ||||||
| Union | 88 | 85 | 73 | 72 | 49 | 54 |
| Nonunion | 56 | 46 | 16 | 15 | 54 | 41 |
| Establishment size: | ||||||
| Less than 100 workers | 44 | 37 | 10 | 9 | 40 | 32 |
| 100 or more workers | 78 | 67 | 37 | 36 | 69 | 53 |
| Industry: | ||||||
| Goods producing | 71 | 64 | 33 | 32 | 61 | 50 |
| Services producing | 56 | 47 | 19 | 18 | 51 | 39 |
NOTES: Data include full-time and part-time private workers.
1. Defined benefit plans guarantee a periodic or lump-sum benefit at retirement.
2. Defined contribution plans—such as 401(k) plans—specify a formula for depositing funds into an account for each employee, but do not guarantee a future benefit.
Source: U.S. Department of Labor, Bureau of Labor Statistics: Monthly Labor Review, Feb. 2006.
| Drop in Welfare Rolls, 1993–2000 | Poverty and Income | Richest Americans, 2007 |
Trending
Here are the facts and trivia that people are buzzing about.
