[Vision2020] Private Industry Employee Benefits for 2005

[Jeff Harkins]

While we are looking at stats, here is the most recent report from 
the BLS on employee benefits in Private Industry for 2005.  They 
provide a useful benchmark for comparing your health and other 
benefit plans with the National level!  The data about the cost of 
health insurance coverage is quite compelling!


Technical Contact:                                          USDL:  05-1571
       (202) 691-6199  ocltinfo at bls.gov
Media Contact:                                              FOR 
RELEASE:  10:00 A.M. (EDT)
       (202) 
691-5902                                        WEDNESDAY, AUGUST 24, 2005
Internet address:
       http://www.bls.gov/ncs/ect/home.htm

                                 EMPLOYEE BENEFITS IN PRIVATE INDUSTRY, 2005

      Seventy percent of workers in private industry had access to 
employer-sponsored medical care plans, and
53 percent participated in medical care plans in March 2005, the 
Bureau of Labor Statistics of the U.S.
Department of Labor reported today.  Sixty percent of workers had 
access to retirement benefits, with 50
percent participating in at least one type of retirement plan.  These 
findings are from the Summary, "National
Compensation Survey:  Employee Benefits in the United States, March 
2005," published today.  These results
can be found on the BLS Web site http://www.bls.gov/ncs/ebs/sp/ebsm0003.pdf.

      These data are from the National Compensation Survey (NCS), 
which provides comprehensive measures
of occupational earnings, compensation cost trends, and details of 
benefit provisions.  In addition to health and
retirement plans, the survey also covered paid leave, disability 
insurance, and other selected benefits.  The
following are some of the major findings:

      *  Most employees covered by medical care plans were in plans 
requiring employee contributions for
      both single coverage and family coverage. Employee 
contributions to medical care premiums
      averaged $273.03 per month for family coverage; for single 
coverage, employee contributions
      averaged $68.96 per month.

      *  Employer premiums for medical care plans averaged $575.77 a 
month per participant for family
      coverage, for single coverage employer contributions averaged 
$252.22 a month. Employer
      contributions were higher for those employees who were not 
required to contribute than for those who
      were.

      *  Twenty-one percent of employees participated in defined 
benefit retirement plans, and 42 percent in
      defined contribution plans. (Some employees participate in both types.)

      *  Paid leave was the most commonly provided employee benefit 
in the private sector: paid holidays and
      vacations were available to 77 percent of employees. Paid jury 
duty leave was also common, available
      to 69 percent of workers. Forty-eight percent of the workers 
had paid military leave benefits.

      The release and Summary Report are available by e-mail request 
at ocltinfo at bls.gov, by telephone (202)
691-6199, or on the BLS Internet site, 
http://www.bls.gov/ncs/home.htm.  Regional Information offices, listed
on the Internet site, http://www.bls.gov/bls/regncon.htm, also are 
available to answer any of your questions.



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