A report from Eastbridge Consulting Group finds voluntary/worksite sales appear to be weathering the recession. Last year's sales increased 3.3 percent, according to Eastbridge's U.S. Worksite Sales Report. Total 2009 voluntary sales are estimated at $5.397 billion, up from $5.225 billion in 2008.

"We are again pleased to see the industry growing despite the recession," said Gil Lowerre, president of Eastbridge, in a released statement. "With an increase of 3.3 percent this past year and almost a 4 percent increase in 2008, it looks like the industry has once again shown itself to be pretty resilient."

Among the top 15 companies in the market, the average increase was 3.1 percent, according to the report. Ten of the top 15 companies had sales increases, with five of these companies having double-digit increases ranging from 14 percent to 34 percent.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.