August 25, 2005
In March 2005, half of private industry employees participated in an employer provided retirement plan.
Twenty-one percent of private industry employees participated in defined benefit retirement plans and 42 percent were in defined contribution plans. (Some employees participate in both types.)
These data are from the BLS National Compensation Survey program. Learn more in "Employee Benefits in Private Industry, 2005" (PDF) (TXT), news release USDL 05-1571, and "National Compensation Survey: Employee Benefits in Private Industry in the United States, March 2005" (PDF) Summary 05-01.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Retirement plans in 2005 on the Internet at http://www.bls.gov/opub/ted/2005/aug/wk4/art04.htm (visited December 01, 2015).
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.