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FACT OF THE WEEK
 

About 1 in 5 service workers participate in defined contribution retirement plans

 

 
"In 2016, 63% of management, professional, and related workers (relatively high-paying jobs) participated in defined contribution plans, compared with 19% of service workers (relatively low-paying jobs) who participated." Among all U.S. workers combined, the participation rate was 44%, according to a 2016 analysis of data from the National Compensation Survey. (See chart 1.)
 
       
 
        Stoltzfus, E. R., & U.S. Bureau of Labor Statistics. (2016). Defined contribution retirement plans: Who has them and what do they cost? Beyond the Numbers: Pay & Benefits, 5(17). Retrieved from this source.
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