The U.S. defined contribution system relies on new employers to create, on average, 44,000 plans per year to compensate for the more than 377,000 plans that closed from 2012 to 2021, according to a Morningstar report.

Some assume it's easy to balance children and work throughout the workday, others have mentioned offhand their remote workers don't require childcare benefits.

Addressing potential gaps in your benefits package will not only benefit your business by retaining and keeping employees engaged.

Parents of minor children were more likely than the general population to own life insurance (59% vs. 52%).