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TABLE
1. Employer Stock Held in Pension
Plans: Comparison by Plan Type and Whether Company is Publicly-held |
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| Based on
federal Form 5500 data for all large pension plans (100+ participants) for
FY98 (latest data available) |
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| from
Pension and Welfare Benefits Administration, U.S. Department of Labor.
Excludes terminated plans and those not reporting assets. |
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| Compiled
by Prof. Douglas Kruse, School of Management and Labor Relations, Rutgers
University, Feb. 2002 |
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Number of |
Number of |
Total employer |
Employer |
Total plan |
Employer stock |
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|
plans |
participants |
stock held by |
stock per |
assets |
as pct.of |
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|
plans (millions) |
participant |
(millions) |
total assets |
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|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
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| All defined contribution plans |
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All |
|
50,769 |
50,933,238 |
$330,529.6 |
$6,489 |
$1,671,703.6 |
19.8% |
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|
Privately-held |
|
46,664 |
30,609,811 |
$73,346.0 |
$2,396 |
$753,571.8 |
9.7% |
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|
Publicly-held |
|
4,105 |
20,323,427 |
$257,183.6 |
$12,655 |
$918,131.8 |
28.0% |
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| ESOP
non-401(k) plans |
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All |
|
2,056 |
3,170,045 |
$53,677.1 |
$16,933 |
$69,635.8 |
77.1% |
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|
Privately-held |
|
1,672 |
1,291,957 |
$26,358.4 |
$20,402 |
$34,900.0 |
75.5% |
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Publicly-held |
|
384 |
1,878,088 |
$27,318.7 |
$14,546 |
$34,735.7 |
78.6% |
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| ESOP
401(k) plans |
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All |
|
613 |
4,757,356 |
$129,609.8 |
$27,244 |
$332,712.8 |
39.0% |
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|
Privately-held |
|
331 |
770,202 |
$10,310.1 |
$13,386 |
$29,110.1 |
35.4% |
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|
Publicly-held |
|
282 |
3,987,154 |
$119,299.6 |
$29,921 |
$303,602.7 |
39.3% |
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| Non-ESOP 401(k)'s with employer stock |
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All |
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2,275 |
11,037,790 |
$132,899.4 |
$12,040 |
$472,176.1 |
28.1% |
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|
Privately-held |
|
1,141 |
3,183,154 |
$31,794.0 |
$9,988 |
$115,436.7 |
27.5% |
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|
Publicly-held |
|
1,134 |
7,854,636 |
$101,105.4 |
$12,872 |
$356,739.4 |
28.3% |
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| Non-ESOP 401(k)'s without employer stock |
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All |
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36,832 |
23,474,392 |
$0 |
$0 |
$567,223.1 |
0.0% |
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Privately-held |
|
35,013 |
18,887,780 |
$0 |
$0 |
$419,586.3 |
0.0% |
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|
Publicly-held |
|
1,819 |
4,586,612 |
$0 |
$0 |
$147,636.9 |
0.0% |
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| Profit sharing and other defined |
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| contribution plans with employer stock |
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| (non-ESOP
non-401(k)) |
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All |
|
355 |
1,377,825 |
$14,343.3 |
$10,410 |
$47,501.5 |
30.2% |
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|
Privately-held |
|
227 |
749,471 |
$4,883.4 |
$6,516 |
$20,111.4 |
24.3% |
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|
Publicly-held |
|
128 |
628,354 |
$9,459.9 |
$15,055 |
$27,390.1 |
34.5% |
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| Profit sharing and other defined |
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| contribution plans without employer stock |
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All |
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8,633 |
7,115,015 |
$0 |
$0 |
$182,432.0 |
0.0% |
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Privately-held |
|
8,275 |
5,726,432 |
$0 |
$0 |
$134,404.9 |
0.0% |
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| |
Publicly-held |
|
358 |
1,388,583 |
$0 |
$0 |
$48,027.1 |
0.0% |
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| Note:
Employer stock figures include imputations of employer stock in
common/collective trusts based on 1996 spread files. |
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