Summary of Benefit Plan Features, United States

Displaying employee benefit plans in a confidential side-by-side format, the Summary of Plan Features (SPF) report easily compares the organization plans to the peer group plans.

Report Options
SPF is included in the Benefits Valuation Analysis or can be purchased as a stand-alone report. Organizations are able to select various peer organizations, which are masked for confidentiality.

A customized report presenting prevalence statistics and commentary on major types of employee benefits. This report summarizes the differences among the plan provisions of your offerings and those of the comparator group and pinpoints the individual plan features that drive your position relative to the comparators.

These reports provide an opportunity to:

Understand current practices.
Identify appropriate benefits package.
Target potential plan changes and opportunities for cost savings.
Gauge the overall attractiveness of benefits.
Remain competitive.

To purchase please contact us at usbenefits@mercer.com.

Details

Mercer’s benefits database is continuous and updated each month and contains information on:

Health/Group: Medical, dental, flexible spending accounts, and post-retirement medical plans.
Retirement/Savings: Defined benefit, defined contribution, and stock purchase plans.
Paid Leave: Vacation, holiday, personal leave, PTO banks, sick leave plans.
Life/Disability: life insurance plans.
Work Life Benefits: Work flexibility, wellness/fitness, family assistance, and financial assistance.

These reports provide an opportunity to:

Understand current practices.
Identify appropriate benefits package.
Target potential plan changes and opportunities for cost savings.
Gauge the overall attractiveness of benefits.
Remain competitive.

More details

Summary of Plan Features Sample, PDF