Reference M-108
What is this?
Employee Benefit Participation calculations show the participation in benefit plans. This metric may be reported at the individual level and also calculated at a higher management level.
Why use it?
The organization must be able to know which benefit plans are being used and to what extent. They also need to know the types of plans that are being overlooked and assess overall costs. Employee Benefit Participation charts can be used by line managers to review the benefits employees use and potentially recommend or highlight additional programs that might be of benefit to the employee.
Required data:
Retirement Plan Participation Example: 407K, Company Matching – 2%.
