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Employee Benefits Survey

2022 Survey Results

Employee Benefits Survey: 2022 Results

Employee benefits remain a critical component of the relationship between employers and workers. In addition to serving as an important financial safety net, benefits also act as a recruitment and retention aid. Workplaces have undergone a monumental transformation in the last two years, largely fueled by the COVID-19 pandemic and the Great Resignation. In recognition of the shifting attitudes toward remote work and employees' desire for work-life balance, organizations are putting a greater emphasis on offerings such as flexible work options and dependent care services and focusing less on at-work perks like coffee service or walking programs. 

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About This Survey:

This is the eighth edition of the survey. The 2022 Employee Benefits Survey reveals extensive benchmarking data from 502 organizations representing nearly 20 industries and ranging in size from fewer than 50 to more than 10,000 employees. Employers reported on a wide range of benefit offerings including retirement, health care, life insurance, survivor benefits, voluntary benefits, paid holidays, vacation, paid-time-off banks, disability benefits, paid and unpaid leaves of absence, work/life benefits, executive perquisites and more.

Topics Covered

Pension and Retirement Plans

  • Benefit (DB) Pension Plan Offered
  • DB Plan Integrated With Social Security
  • Types of DB Plans Offered
  • Normal Retirement Age of DB Plan
  • Sum as Final Distribution Option
  • Percentage Taking Lump-Sum Final Distribution Option
  • Frozen or Terminated DB Plans
  • Defined Contribution (DC) Retirement Plan Offered
  • Types of DC Plans Offered
  • Loan Provision in DC Plan Offerings
  • Percentage of DC Plan Participants Utilizing Loan Provision (Corporations)
  • Hardship Withdrawals Allowed in DC Plans
  • Percentage of DC Plan Participants Utilizing Hardship Withdrawal Provision (Corporations)
  • DC Plan Participant–Directed Investments Offered
  • Presence of Company Stock as a DC Plan Investment Option (Corporations)
  • DC Plan Matching Contributions Offered
  • Types of DC Plan Matching Contributions Offered
  • Use of Automatic Enrollment in DC Plans
  • Default Deferral Rate for Those Automatically Enrolled in DC Plans (Corporations)
  • Frequency of DC Plan Automatic Enrollment (Corporations)
  • Use of Autoescalation in DC Plans
  • Autoescalation Cap in DC Plans (Corporations)
  • Types of Simplified Investment Features in DC Plans
  • Average DC Plan Participation Rate
  • Average DC Participant Deferral/Contribution Rate
  • DC Plan Final Distribution Options
  • Offer Hybrid Pension Plan

Health Care Benefits

  • Health Care Benefits Offered
  • Types of Health Care Plans Offered
  • Health Care Plan With Majority Enrolled
  • Types of Dependents Covered in Plan
  • Care Plan Funding
  • Retention of Grandfathered Status Under the Affordable Care Act
  • Types of Flexible Benefit Arrangements Offered
  • In-Network Deductibles for Single Coverage
  • In-Network Deductibles for Family Coverage
  • Percentage of Premium Paid by Employees/Participants for Single Coverage
  • Percentage of Premium Paid by Employees/Participants for Family Coverage
  • Types of Health Care Cost-Management Techniques Used
  • Average Participant Utilization Rate of Telemedicine/Telehealth Services
  • Average Copay for Telemedicine/Telehealth Services
  • Dental Benefits Offered
  • Types of Dental Benefits Offered
  • Dental Plan With Majority Enrolled
  • Deductibles for Single Dental Coverage
  • Deductibles for Family Dental Coverage
  • Percentage of Dental Premium Paid by Employees/Participants for Single Coverage
  • Percentage of Dental Premium Paid by Employees/Participants for Family Coverage
  • Types of Dental Benefits Offered
  • Dental Plan With Majority Enrolled
  • Deductibles for Single Dental Coverage
  • Deductibles for Family Dental Coverage
  • Percentage of Dental Premium Paid by Employees/Participants for Single Coverage
  • Percentage of Dental Premium Paid by Employees/Participants for Family Coverage
  • Types of Cost-Management Techniques Used for Prescription Drugs
  • Plan Receives Share of PBM Rebates
  • Other Types of Health Care Benefits Offered
  • Types of Fertility Benefits Offered
  • Types of Transgender-Inclusive Benefits Offered
  • Provisions for Alleviating Loss of Health Care Coverage (Multiemployer)

Other Benefits

  • Life Insurance Benefits Offered
  • Insurance Benefits Offered (Multiemployer)
  • Methods of Calculating Life Insurance Benefits (Salaried Employees)
  • Methods of Calculating Life Insurance Benefits (Hourly Employees)
  • Methods of Calculating Life Insurance Benefits (Multiemployer)
  • Life Insurance Formulas Using Multiple of Earnings (Salaried Employees)
  • Life Insurance Formulas Using Multiple of Earnings (Hourly Employees)
  • Dollar Amounts for Life Insurance (Salaried Employees)
  • Dollar Amounts for Life Insurance (Hourly Employees)
  • Flat Dollar Amounts for Life Insurance (Multiemployer)
  • Types of Survivor Benefits Offered
  • Types of Voluntary (Employee-Pay-All) Benefits Offered
  • Paid Holidays Offered
  • Number of Paid Floating Holidays Offered
  • Vacation and Paid-Time-Off (PTO) Banks Offered
  • Days Varying by Years of Service
  • Vacation Days per Years of Service
  • PTO Days Varying by Years of Service
  • PTO Days per Years of Service
  • Vacation/PTO Options Offered
  • Maximum Number of Annual Vacation Days Allowed to Be Carried Over
  • Paid Sick Leave Offered
  • Number of Paid Sick Days
  • Short-Term Disability (STD) Benefits Offered
  • STD Service Periods for Eligibility
  • Description of STD Elimination/Waiting Periods
  • STD Elimination/Waiting Period for Illness
  • Formulas for Calculating STD Benefits
  • STD Formulas Using Fixed Percentage of Earnings
  • STD Benefits Duration
  • STD Benefits Funding
  • Long-Term Disability (LTD) Benefits Offered
  • LTD Service Periods for Eligibility
  • LTD Elimination/Waiting Periods
  • Formulas for Calculating LTD Benefits
  • LTD Formulas Using Fixed Percentage of Earnings
  • LTD Benefits Duration
  • Types of Benefits Continued During Disability Leave
  • Health Care Benefit Duration for Employees/Participants on Disability Leave
  • LTD Benefits Funding
  • Types of Additional Paid and Unpaid Leave Provided
  • Types of Work-Life Benefits Offered
  • Miscellaneous Benefits Offered
  • Executive Benefits and Perquisites Offered (Corporate)
  • Types of Executive Benefits and Perquisites Offered (Corporate)
  • Benefit Costs as a Percentage of Payroll Costs
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