| The ABC Firm is pleased to provide you with this benefit statement. We understand that our employees are the main reason for our success and we hope the following information demonstrates our continued commitment to you.
James Smith
| Benefit |
Employer Cost |
Employee Cost |
| Medical Premium |
$ 8,611.44 |
$ 1,640.28 |
| Dental Premium |
$ 462.84 |
$ 462.84 |
| Life Premium |
$ 119.16 |
$ 0.00 |
| Short Term Disability Premium |
$ 450.92 |
$ 0.00 |
| Long Term Disability Premium |
$ 432.25 |
$ 0.00 |
| 401K Contribution |
$ 1,000.00 |
$ 4,000 |
| |
|
|
| Total Benefits Cost |
$ 11,076.61 |
$ 6,103.12 |
| Annual Income |
$ 36,000.00 |
|
| ACTUAL REALIZED INCOME |
$ 47,076,61 |
|
Your total benefit cost equals an additional 23.6% of your total compensation.
As a full time employee of the ABC Firm, you are provided with the option of participating
in the group health and dental plan. You have elected to enroll for FAMILY coverage in the group HEALTH plan through Blue Cross Blue Shield. You have elected to enroll for FAMILY coverage in the group DENTAL plan through Delta Dental.
You are also provided with the option of participating in the 401K PLAN. You have elected to contribute 11.2% of your salary to your 401K plan. The ABC Firm will match $0.25 for each dollar that you contribute up to a maximum of $1,000.00 per year.
We are pleased to provide the following valuable benefits at no cost to you. Your benefits are as follows:
Life & ADD coverage is $50,000
Short Term Disability coverage is 66.7% of your weekly salary up to $500. If you become disabled, your weekly benefit will be $500 on the 1st day of an accident or on the 8th day of a sickness. Your Short Term Disability be provided for a maximum of 13 weeks.
Long Term Disability coverage is 66.7% of your monthly salary up to $5,000. Your monthly benefit will be $3,890 after you have been disabled for 90 days. |
