Benefit plans, including both Pension Plans and Health & Welfare Plans, have been a staple of the American work place for over seventy years.
Once an incidental perquisite, Employee Benefits now represent a major cost component of overall compensation. In recent times, Bureau of Labor Statistics reports illustrate that all employee benefits average about 30% of total compensation. For just Retirement and Health and Welfare benefits, the costs represent approximately 12% to 15% of total compensation.
richard Gabriel associates brings thirty years of benefits consulting experience in assisting sponsors of Pension and Health and Welfare Plans in designing, costing, forecasting, managing, and providing benefits administration support to achieve client goals.