The decline of employer stock as a 401(k) investment vehicle

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MONTHLY LABOR REVIEW Volume 131, Number 11 November 2008 401(k) plans move away from employer stock as investment vehicle 3 Increasingly, employees are given the option to choose how their 401(k) plan funds are invested; this greater choice is one factor in the decreased exposure to investment in employer stock William J. Wiatrowski Occupational employment in the not-for-profit sector 11 The for-profit and not-for-profit sectors differ in regards to the industries with the most employees and the types of jobs that employees most commonly hold Zack Warren The employment rate of people with disabilities 44 Three critical issues assess the success of employment policies for the disabled,but there is no clear consensus regarding the outcome of these issues; more comprehensive survey coverage is needed Burt S. Barnow How high school students use time: a visual essay 51 Mary Dorinda Allard Departments Labor month in review 2 Current labor statistics 63 Editor-in-Chief: Michael D. Levi � Executive Editor: William Parks II � Managing Editor: Leslie Brown Joyner ��Editors: Brian I. Baker, Casey P. Homan � Book Review Editor: James Titkemeyer � Design and Layout: Catherine D. Bowman, Edith W. Peters �� Contributing Editor: Lawrence H. Leith
Labor Month In Review The November Review Given ongoing events in the securities markets, workers and their families are perhaps more focused on their retirement plans and retirement investments than ever before. Th e lead article in this month’s Review examines an important aspect in the history of 401(k) plans, namely, the changing availability over time of the opportunity to invest in the stock of one’s own employer. William J. Wiatrowski fi rst provides a brief overview of these defi ned contribution retirement plans, and then elucidates the shift over the 20 years from 1985 to 2005 of the use of stock as an investment vehicle. Given the prominence and ubiquity of 401(k) plans in today’s world, the changes discussed in this article are particularly timely. Zack Warren compares occupational employment and wages in the not-for-profi t and for-profi t sectors using data from the Occupational Employment Statistics (OES) program. As he notes, the number of not-for-profi t institutions has increased rapidly in recent years, and the employment generated by such places has grown concurrently. Using the great volume of detailed industry and occupational employment information available from this program, he fi nds that occupational diff erences between for-profi t and not-for-profi t organizations can vary greatly from industry to industry. Th e employment status of people with disabilities has been a topic of considerable attention and research in recent years, in both the public and private sectors. Burt S. Barnow identifi es issues he feels are especially critical in regard to measuring not 2 Monthly Labor Review • November 2008 only employment status, but also the very nature of disability status itself. He also examines the impact of the Americans with Disabilities Act on the employment trends of disabled persons. He makes it clear that from his perspective socioeconomic surveys have to cover these issues more comprehensively if a fuller understanding of this sensitive subject is to be attained. Finally for the November issue, Mary Dorinda Allard provides a look at how that most rambunctious of groups—high school students—allocate their time engaging in homework, household activities, and other aspects of their lives. Labor force characteristics by race and ethnicity As data have indicated for a long time, there are diff erences in employment and unemployment patterns for labor market participants relating to race and ethnicity. Adult men of Hispanic ethnicity, for instance, have a higher share of their population employed than do their white, black, and Asian counterparts. Among adult women, a lower share of Hispanics is employed than their counterparts from the race groups. In terms of education attained—always a critical factor infl uencing labor market outcomes—about the same share (around 90 percent) of white, black, and Asian workers 25 years of age and older has received at least a high school diploma. By contrast, a signifi cantly smaller share (about 66 percent) of Hispanic workers has completed high school. A full range of comparative information like that noted here can be found in a new report from BLS called Labor Force Characteristics by Race and Ethnicity, 2007. Th e report contains analysis and detailed tables presenting an array of labor market measures tabulated from this particular demographic focus. Th e online edition of this report can be found at http:// www.bls.gov/cps/cpsrace2007.pdf Program Perspectives BLS recently launched a new publication called Program Perspectives. It is designed to be a showcase for the Bureau’s various programs to highlight recent trends and developments in their data. Th e format is designed to be concise and visually fresh. Th is online publication likely will be posted a number of times per year. Th e inaugural issue focuses on health benefi ts data from the National Compensation Survey. Topics covered include trends in employer costs for health benefi ts, access rates to health care benefi ts for employees, and participation rates for workers in their employers’ health plans. Th e fi rst issue can be found online at http:// www.bls.gov/opub/perspectives/ Communications regarding the Monthly Labor Review may be sent to: Editor-in-Chief U.S. Bureau of Labor Statistics Washington, DC 20212 E-mail: mlr@bls.gov Telephone: (202) 691-5900
Page 1: U.S. Department of Labor U.S. Burea
Page 5 and 6: 401(k) plans In all cases, the tota
Page 7 and 8: 401(k) plans Chart 2. Percent of 40
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Page 11 and 12: 401(k) plans ered supplemental plan
Page 13 and 14: Not-For-Profit Sector Description o
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Nominations Sought for 2009 Julius
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