DB Plans divided into three categories based on answer to freeze questions on
most recent ... Hard Freeze – no participants are accruing any additional benefits.
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• •
Slides depict only single-employer plans DB Plans divided into three categories based on answer to freeze questions on most recent premium filing received as of November 1, 2013 (e.g., 2012 filing for calendar year plans with more than 100 participants) Active participant count derived from Form 5500 data. Categories: ⁻ Hard Freeze – no participants are accruing any additional benefits ⁻ No Freeze – all participants are accruing benefits ⁻ Other – Plan is hard frozen for some, but not all, participants; service is frozen but pay is not; etc.
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Slides 2 – 9 and 11 relate solely to accrual freezes Slides 10 and 12 provide additional information re: whether plans that aren’t frozen are closed to new entrants 1
# of active participants – in millions
# of plans
15,236 65%
1.8 15%
Hard Freeze - no one accrues benefits
7,227 31%
1.7 14%
Other
1,044 4%
No Freeze active participants still accrue benefits
8.8 71%
Some of these plans are closed to new hires (see slide 9)
Source: See slide 1 2
% of plans by plan freeze status
100% 21%
28% 75%
38%
1%
10% 31%
19% 19%
4%
Hard Freeze
9%
50% 71%
53%
25%
60%
71%
65%
Other No Freeze
0% Small
Medium
Large
Jumbo
All plans
Plan size based on total participant count • • • •
Small: Medium: Large: Jumbo:
1-99 100 – 4,999 5,000 – 24,999 25,000 or more
Source: See slide 1 3
% of active participants by plan freeze status
100% 23% 75%
13%
62%
15% 15%
9% 14%
15% 14%
Hard Freeze
50% 3% 25%
64%
70%
77%
71%
35%
Other No Freeze
0% Small
Medium
Large
Jumbo
All plans
Plan size based on total participant count • • • •
Small: Medium: Large: Jumbo:
1-99 100 – 4,999 5,000 – 24,999 25,000 or more
Source: See slide 1 4
# of active participants – in millions
# of plans
3.5 28%
14,925 64%
Small Medium Large Jumbo
7,537 32% 251 1%
794 3%
2.9 24%
5.8 47%
0.1 1% Plan size based on total participant count • • • •
Small: Medium: Large: Jumbo:
1-99 100 – 4,999 5,000 – 24,999 25,000 or more
Source: See slide 1
5
6
5.7 0.5
5
0.8
4
3.4
3
3.0
0.5
0.7
0.5
1
1.9
Other 4.4
0.4
2
Hard Freeze
No Freeze
2.4
0.1 0 Small
Medium
Large
Jumbo
Plan size based on total participant count • • • •
Small: Medium: Large: Jumbo:
1-99 100 – 4,999 5,000 – 24,999 25,000 or more
Source: See slide 1
6
5,000 4,015
4,000
3,117
3,000
Hard Freeze
2,000 1,000 0
Other
1,672 1,177 209
851 392
No Freeze
733 93
Source: See slide 1
7
100% 25% % of active participants by plan freeze status
75%
11%
8% 5%
17%
10% 20%
15% 19%
16% 50%
25%
59%
72%
18% 16%
87% 70%
66%
66%
13% 10%
22% 13%
77%
65%
29% 10%
61%
Hard Freeze Other No Freeze
0%
Source: See slide 1 8
# of active participants – in millions
# of plans
1,246 5%
Hard Freeze
7,227 31% 13,990 60%
1.7 14%
Other
1.7 14%
No Accrual Freeze New hires still get in
1,044 4%
No Accrual Freeze Closed to new hires
1.8 14%
7.1 58%
Source: See slide 1
9
# of active participants - in millions
16 14 12
14.5 1.2 1.3
13.7
13.6
1.4 1.2
1.7
10
1.5
13.0 12.3 1.9 1.7
1.8
Hard Freeze
1.7
Other
8 6
No Freeze
12.0
11.1
10.4
4
9.4
8.8
2011
est 2012
2 0 2008
2009
2010
Source: See slide 1 10
# of active participants in single-employer plans - in millions
16 14 12
14.5 1.2 1.3 1.4
10
13.7
13.6
1.4 1.2 1.4
1.7 1.5 1.4
8 6
10.6
4
9.7
9.0
13.0 1.9 1.7 1.7
12.3
Plan Freeze Status
1.8
Hard Freeze
1.7
Other
1.7
7.7
7.1
2011
Est 2012
No Accrual Freeze Closed to New Hires No Accrual Freeze New Hires Still Get In
2 0 2008
2009
2010
Source: See slide 1 11