Retirement plans help construction firms attract and retain employees. However, workers in construction are less likely than those in most other U.S. industries to be eligible for, or participate in, a retirement plan through their employment. In 2022, 26% of wage-and-salary construction workers participated in an employment-based retirement plan, compared to 35% in all industries.
This dashboard summarizes retirement plans in construction by state, occupation, pension plan type, and other characteristics such as age, class of worker, race/ethnicity, sex, and union status. Retirement data comes from two sources: U.S. Bureau of Labor Statistics’ Current Population Survey (CPS) downloaded through IPUMS and the U.S. Department of Labor (DOL) Form 5500.
Information on specific charts and instructions for dashboard use are included in the information icon located to the right of the dashboard title.
You can download the data as a spreadsheet. Each worksheet’s name is based on the corresponding dashboard chart.
The dashboard will be updated annually when new data is available, with the next update scheduled for Fall 2024. If you have questions or comments, please email [email protected].
Recommended Citation: CPWR-The Center for Construction Research and Training. . Retirement Plans in Construction [dashboard].