Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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Employer Costs for Employee Compensation, June 2015
U.S. Bureau of Labor Statistics [BLS] Sept. 9, 2015
"In June 2015, average costs in private industry for retirement and savings benefits were $1.24 per hour worked, or 4.0 percent of total compensation. The average cost per hour worked for defined benefit plans ... was 55 cents or 1.8 percent of total compensation. The average cost for defined contribution plans ... was 69 cents or 2.2 percent of total compensation.... Private industry employer costs for paid leave averaged $2.15 per hour worked or 6.9 percent of total compensation, supplemental pay averaged $1.10 or 3.5 percent, insurance benefits averaged $2.57 or 8.2 percent, and legally required benefits averaged $2.50 per hour worked or 8.0 percent."
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