The Total View - (Page 43) DB Plan by Industry by Union* Percent of Plans 3.2% 1.8% 1.4% 5.0% 8.7% 27.9% 4.1% 11.6% 1.8% 3.4% 1.8% 1.4% 62.8% 25.1% 0.0% 15.2% 4.6% 2.0% 1.8% 1.3% 9.6% 5.3% Wholesale Trade Transport, Communication, Utilities & Sanitary Tax-Exempt Organizations Services Retail Trade Mining Manufacturing Finance, Insurance & Real Estate Construction Agriculture, Forestry & Fishing Other 0% Union Non-Union The largest percentage of Union DB plans (62.8%) was in the manufacturing industry. The nonunion DB plans were spread out across industries more evenly with the more common industries being taxexempt organizations (27.9%), manufacturing (25.1%), and financial, insurance, and real estate (15.2%). Fast Facts Even though the number of DB plans in the marketplace declined, the assets held in DB plans still represented 35% of all retirement assets. 1 The Principal worked with clients to freeze a total of 56 DB plans in 2006, representing $265 million in assets. 10% 20% 30% 40% 50% 60% 70% * Percentages in graphs are rounded to the nearest integer percentages in order to increase readability and may not total exactly 100%. In a study conducted by Hewitt Associates2, the top reasons that DB plan sponsors cited for not making changes to their plan were that: 1 2 Employees valued and appreciated the DB plan. The DB plan was an efficient vehicle for delivering retirement benefits. #
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