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Calif Bill Calif Bill is offline
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First recorded activity by BoatBanter: Jul 2006
Posts: 4,727
Default We sure are making progress in the world


"P. Fritz" paulfritz ATvoyager DOTnet wrote in message
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"Eisboch" wrote in message
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"Harry Krause" wrote in message
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Eisboch wrote:
"Eisboch" wrote in message
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"Harry Krause" wrote in message
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I just checked with my son. Currently, his company (my old company)
's health care costs are 16-18 percent of monthly payroll, not
counting dental plan insurance payments.

Eisboch


I worded that wrong. The monthly health care cost (not including
dental) makes up 16-18 percent of the monthly payroll.

Eisboch


At the large insurance company where I was a consultant, fringe benefits
and employer's share of SS were figured to add 40-50% to employee cost.
That included a very generous retirement plan.


Sounds like a familiar number.

Eisboch


That is a bit light by the time you throw in all the state and fed
mandated crap.






Sounds about right. When I owned a small company in the 1980 time frame, we
figured 24% for FUTA, Workman's comp, etc. This did not include medical
insurance.