Retirement: Distribution of Contributory Status by Plan Type -
  Percent of Firms Offering Benefits - 2005

ü    Most retirement plans offered by employers are defined contribution plans. These plans require a
       fixed contribution into the plan.
ü     Some employers offer multiple retirement plans.
ü   The cost of most defined contribution plans is shared by the employer and employee. The cost of
       most defined benefit plans is funded by the employer.

Retirement: Distribution of Contributory Status by Plan Type
Percent of Firms Offering

Firms that Employ
Full-Time Workers
% Offering

Firms that Employ
Part-Time Workers
% Offering

Retirement Plan

51%

22%

  Defined Contribution Plan

46%

17%

    Portion paid by employer

      100% Employer Paid

11%

3%

      0% Employer Paid

10%

9%

      Jointly Paid

79%

88%

  Defined Benefit Plan

6%

2%

    Portion paid by employer

      100% Employer Paid

68%

78%

      0% Employer Paid

1%

1%

      Jointly Paid

32%

21%

  Plan Type Not Indicated

3%

4%

  Note: The plan types listed above will not add to the total. Some employers offer multiple types of retirement plans; therefore the
           types are not mutually exclusive.

Û Return to the Employee Benefits menu.

If you have questions or need more information, contact Laura Sichmeller of the Labor Market Information Center at (605) 626-2314 or e-mail her at laura.sichmeller@state.sd.us.