Friday, April 06, 2007

Benefits with extra fringe?

An article on MSN Money offers a few of the following "average" benefits from companies according to a recent survey. I thought it was pretty interesting to learn how my company benefits were compared to the average. How does your benefit package stack up? Fringe benefits can be costly for companies but significantly improve loyaly among employees.

  • Immediate eligibility for a health-care plan.
  • A 401(k) plan in which the typical match is 50 cents for each $1 an employee contributes, up to a certain percentage of pay.
  • Access to a dental plan with 100% of exams covered and 80% coverage for dental work.
  • Access to a vision plan separate from medical or dental coverage.
  • A group life insurance plan that pays a year of salary or wages as a death benefit.
  • Long-term-disability benefits with pay replacement of 60%.
  • On average, 11.7 days of vacation after one year of service and 15.4 after five years of service.
  • Eight to 12 paid holidays a year.
  • Dependent-care spending accounts and access to a health savings account.
For a full list and details about the research, check out the article on MSN money:
http://articles.moneycentral.msn.com/CollegeAndFamily/RaiseKids/8WorkPerksYouWishYouHad.aspx?page=1

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