Private employers spent 3.5 percent of total compensation to employees for their retirement and savings benefit costs in June, according to the U.S. Bureau of Labor Statistics.

Average costs for retirement and savings benefits were $1.02 per hour worked. For management, professional and related occupations, the average costs were $2.07 per hour, or 4 percent of total compensation. Costs were lowest among service occupations, 22 cents or 1.6 percent of total compensation.

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

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical 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 events.
  • Access to other award-winning ALM websites including and

Already have an account?


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.