The Summary of Benefit Costs shows the employee the value of their benefit package, resulting in the employee's understanding of what his/her total compensation equals.
EMPLOYEE BENEFIT STATEMENT

 

 

Summary of Annual Benefits Cost for John Doe
 

  Annual Cost
Benefit Plan   Employer   Employee
Medical $ 2,107.52 $ 130.00
Dental $ 0.00 $ 315.12
Vision $ 0.00 $ 133.12
Life Premium $ 115.20 $ 0.00
Supplemental Life (Employee)
Supplemental Life (Spouse)
Supplemental Life (Child/ren)		 $ 0.00
$ 0.00
$ 0.00		 $ 249.34
$ 3.12
$ 31.20
Supplemental Life AD&D (Emp) $ 0.00 $ 78.00
Short Term Disability $ 0.00 $ 378.04
Long Term Disability $ 141.00 $ 0.00
Bonus $ 3,000.00 $ 0.00
401(k) $ 1,200.00 $ 1,200.00
FICA Tax $ 1,860.00 $ 1,860.00
Medicare $ 435.00 $ 435.00
State Unemployment $ 175.00 $ 0.00
Federal Unemployment $ 560.00 $ 0.00
Worker's Compensation $ 1,095.00 $ 0.00
     
Total Benefits Cost $ 9,488.72 $ 3,612.94
Annual Income $ 30,000.00  
     
Total Compensation $ 39,488.72  

Your Total Benefits Package equals an additional 31.63% of your annual salary.

 

Total Compensation
Annual Income

Employer Benefits Cost

 

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