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Defined Benefit Specialist II or III Nova 401(k) Associates
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Nova 401(k) Associates
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BPAS
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Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
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Employer Costs for Employee Compensation, March 2015
U.S. Bureau of Labor Statistics [BLS]
June 10, 2015
"The average cost for health insurance benefits was $2.43 per hour worked in private industry (7.7 percent of total compensation) in March 2015. Among occupational groups, employer costs for health insurance benefits ranged from 89 cents per hour worked and 6.1 percent of total compensation for service workers, to $3.71 and 6.6 percent of total compensation for management, professional, and related occupations.... Employer costs for health insurance benefits were significantly higher for union workers, averaging $5.65 per hour worked (12.1 percent of total compensation), than for nonunion workers, averaging $2.11 (7.0 percent)."
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