Benefits are a strategic and significant investment in your employees. It’s important to rely on data to help you make informed decisions. TriNet’s benefits benchmarking capability draws on its extensive database to provide peer group intelligence on key benefit elections including structures and funding.
Additionally, State of the Workplace 2024
research conducted by TriNet surveyed
employees and companies, and the findings
in the survey highlighted trends within the
small and medium-size business community.
ABOUT THE DATA
Based on proprietary TriNet data and data from the State of the Workplace 2024 research conducted by TriNet.
GEOGRAPHY: National
COMPANY SIZE: <250 employees
Benefits Trends In The Technology Industry
Benefits structure
What benefits are available to employees?
| Category | Offer | Do Not Offer |
| Medical | 100 | 0 |
| Dental | 88 | 12 |
| Vision | 84 | 16 |
| Retirement | 58 | 42 |
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
| Category | Value |
| 1x | 15 |
| 2x | 6 |
| 3x | 8 |
| $10,000 | 26 |
| $20,000 | 16 |
| $50,000 | 17 |
| $100,000 | 8 |
Benefits Trends In The Technology Industry
Benefits structure
What benefits are available to employees?
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
Which Benefits Do Employees Value?
<p>Employees rank core benefits as moderately to extremely important when looking for a job including the technology industry.*</p>
| Category | Value |
| Medical | 85 |
| Dental | 82 |
| Vision | 81 |
| Retirement | 86 |
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the technology industry.*
Moderately + Extremely Important
* Source: State of the Workplace 2024 research conducted by TriNet. TriNet surveyed 630 full-time employees and 588 HR decision-makers in the U.S. working for companies with 5-500 employees.
Funding Amount
How much are technology companies contributing to benefits by coverage level?
MEDICAL*
| Single | Couple | Family |
|---|
| Mean | 91% | 66% | 66% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 75% | 75% |
| 25th Percentile | 80% | 50% | 50% |
VISION*
| Single | Couple | Family |
|---|
| Mean | 91% | 65% | 65% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 75% | 75% |
| 25th Percentile | 80% | 50% | 50% |
Of employees working in the tech industry cited “Benefits that account for my needs” as moderately to extremely important when looking for a job*
DENTAL*
| Single | Couple | Family |
|---|
| Mean | 91% | 64% | 64% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 70% | 70% |
| 25th Percentile | 80% | 50% | 50% |
*Includes companies that set a contribution maximum.
Benefits Trends In The Life Sciences Industry
Benefits structure
What benefits are available?
| Category | Offer | Do Not Offer |
| Medical | 100 | 0 |
| Dental | 91 | 9 |
| Vision | 87 | 13 |
| Retirement | 63 | 37 |
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
| Category | Value |
| 1x | 23 |
| 2x | 13 |
| 3x | 8 |
| $10,000 | 19 |
| $20,000 | 12 |
| $50,000 | 14 |
| $100,000 | 8 |
Benefits Trends In The Life Sciences Industry
Benefits structure
What benefits are available?
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the life sciences industry.*
| Category | Value |
| Medical | 88 |
| Dental | 82 |
| Vision | 79 |
| Retirement | 75 |
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the life sciences industry.*
Moderately + Extremely Important
* Source: State of the Workplace 2024 research conducted by TriNet. TriNet surveyed 630 full-time employees and 588 HR decision-makers in the U.S. working for companies with 5-500 employees.
Funding Amount
How much are companies in the life sciences industry contributing to benefits by coverage level?
MEDICAL*
| Single | Couple | Family |
|---|
| Mean | 91% | 73% | 73% |
| 75th Percentile | 100% | 95% | 95% |
| 50th Percentile | 95% | 80% | 80% |
| 25th Percentile | 90% | 60% | 60% |
VISION*
| Single | Couple | Family |
|---|
| Mean | 92% | 76% | 76% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 80% | 80% |
| 25th Percentile | 85% | 70% | 70% |
Of employees working in the life sciences industry cited “Benefits that account for my needs” as moderately to extremely important when looking for a job*
DENTAL*
| Single | Couple | Family |
|---|
| Mean | 92% | 74% | 74% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 80% | 80% |
| 25th Percentile | 100% | 65% | 60% |
*Includes companies that set a contribution maximum.
Benefits Trends In The Financial Services Industry
Benefits structure
What benefits are available?
| Category | Offer | Do Not Offer |
| Medical | 100 | 0 |
| Dental | 90 | 10 |
| Vision | 82 | 18 |
| Retirement | 55 | 45 |
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
| Category | Value |
| 1x | 17 |
| 2x | 10 |
| 3x | 12 |
| $10,000 | 19 |
| $20,000 | 12 |
| $50,000 | 18 |
| $100,000 | 8 |
| $250,000 | 2 |
Benefits Trends In The Financial Services Industry
Benefits structure
What benefits are available?
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the financial services industry.*
| Category | Value |
| Medical | 87 |
| Dental | 85 |
| Vision | 74 |
| Retirement | 84 |
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the financial services industry.*
Moderately + Extremely Important
* Source: State of the Workplace 2024 research conducted by TriNet. TriNet surveyed 630 full-time employees and 588 HR decision-makers in the U.S. working for companies with 5-500 employees.
Funding Amount
How much are companies contributing to benefits by coverage level?
MEDICAL*
| Single | Couple | Family |
|---|
| Mean | 94% | 76% | 76% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 100% | 100% |
| 25th Percentile | 90% | 60% | 60% |
VISION*
| Single | Couple | Family |
|---|
| Mean | 95% | 79% | 79% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 100% | 100% |
| 25th Percentile | 100% | 70% | 70% |
Of employees working in the life financial services industry cited “Benefits that account for my needs” as moderately to extremely important when looking for a job*
DENTAL*
| Single | Couple | Family |
|---|
| Mean | 95% | 78% | 77% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 100% | 100% |
| 25th Percentile | 100% | 65% | 64% |
*Includes companies that set a contribution maximum.
Benefits Trends In The Main Street Industry
Benefits structure
What benefits are available?
| Category | Offer | Do Not Offer |
| Medical | 100 | 0 |
| Dental | 72 | 28 |
| Vision | 64 | 36 |
| Retirement | 43 | 57 |
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
| Category | Value |
| 1x | 9 |
| 2x | 5 |
| 3x | 5 |
| $10,000 | 30 |
| $20,000 | 21 |
| $40,000 | 2 |
| $50,000 | 16 |
| $100,000 | 7 |
| $500,000 | 1 |
Benefits Trends In The Main Street Industry
Benefits structure
What benefits are available?
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the main street industry.*
| Category | Value |
| Medical | 81 |
| Dental | 75 |
| Vision | 68 |
| Retirement | 75 |
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the main street industry.*
Moderately + Extremely Important
* Source: State of the Workplace 2024 research conducted by TriNet. TriNet surveyed 630 full-time employees and 588 HR decision-makers in the U.S. working for companies with 5-500 employees. Main Street typically refers to small and medium-sized businesses (SMBs) in various industries such as retail, manufacturing, hospitality, and food service.
Funding Amount
How much are companies contributing to benefits by coverage level?
MEDICAL*
| Single | Couple | Family |
|---|
| Mean | 88% | 57% | 56% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 70% | 70% |
| 25th Percentile | 77% | 0% | 0% |
VISION*
| Single | Couple | Family |
|---|
| Mean | 90% | 58% | 57% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 70% | 70% |
| 25th Percentile | 80% | 0% | 0% |
Of employees working in the main street industry cited “Benefits that account for my needs” as moderately to extremely important when looking for a job*
DENTAL*
| Single | Couple | Family |
|---|
| Mean | 90% | 57% | 56% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 70% | 70% |
| 25th Percentile | 80% | 0% | 0% |
*Includes companies that set a contribution maximum.
Benefits Trends In The Nonprofit Industry
Benefits structure
What benefits are available?
| Category | Offer | Do Not Offer |
| Medical | 100 | 0 |
| Dental | 82 | 18 |
| Vision | 73 | 27 |
| Retirement | 75 | 25 |
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
| Category | Value |
| 1x | 14 |
| 2x | 9 |
| 3x | 4 |
| $10,000 | 23 |
| $20,000 | 17 |
| $50,000 | 22 |
| $100,000 | 6 |
Benefits Trends In The Nonprofit Industry
Benefits structure
What benefits are available?
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the nonprofit industry.*
| Category | Value |
| Medical | 87 |
| Dental | 80 |
| Vision | 68 |
| Retirement | 81 |
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the nonprofit industry.*
Moderately + Extremely Important
* Source: State of the Workplace 2024 research conducted by TriNet. TriNet surveyed 630 full-time employees and 588 HR decision-makers in the U.S. working for companies with 5-500 employees.
Funding Amount
How much are companies contributing to benefits by coverage level?
MEDICAL*
| Single | Couple | Family |
|---|
| Mean | 91% | 56% | 57% |
| 75th Percentile | 100% | 90% | 90% |
| 50th Percentile | 100% | 70% | 70% |
| 25th Percentile | 82% | 0% | 0% |
VISION*
| Single | Couple | Family |
|---|
| Mean | 93% | 56% | 57% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 70% | 70% |
| 25th Percentile | 90% | 0% | 0% |
Of employees working in the nonprofit industry cited “Benefits that account for my needs” as moderately to extremely important when looking for a job*
DENTAL*
| Single | Couple | Family |
|---|
| Mean | 92% | 55% | 56% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 70% | 70% |
| 25th Percentile | 85% | 0% | 0% |
*Includes companies that set a contribution maximum.
Benefits Trends In The Professional services industry
Benefits structure
What benefits are available?
| Category | Offer | Do Not Offer |
| Medical | 100 | 0 |
| Dental | 79 | 21 |
| Vision | 73 | 27 |
| Retirement | 52 | 48 |
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
| Category | Value |
| 1x | 11 |
| 2x | 4 |
| 3x | 8 |
| $10,000 | 27 |
| $20,000 | 22 |
| $50,000 | 15 |
| $100,000 | 8 |
Benefits Trends In The Professional services industry
Benefits structure
What benefits are available?
Life Insurance Plan Selection
What are the most popular company paid life insurance plans?
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the professional services industry.*
| Category | Value |
| Medical | 87 |
| Dental | 86 |
| Vision | 71 |
| Retirement | 79 |
Which Benefits Do Employees Value?
Employees rank core benefits as moderately to extremely important when looking for a job including the professional services industry.*
Moderately + Extremely Important
* Source: State of the Workplace 2024 research conducted by TriNet. TriNet surveyed 630 full-time employees and 588 HR decision-makers in the U.S. working for companies with 5-500 employees.
Funding Amount
How much are companies contributing to benefits by coverage level?
MEDICAL*
| Single | Couple | Family |
|---|
| Mean | 91% | 60% | 60% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 75% | 75% |
| 25th Percentile | 80% | 0% | 0% |
VISION*
| Single | Couple | Family |
|---|
| Mean | 91% | 62% | 62% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 75% | 75% |
| 25th Percentile | 80% | 10% | 0% |
Of employees working in the professional industry cited “Benefits that account for my needs” as moderately to extremely important when looking for a job*
DENTAL*
| Single | Couple | Family |
|---|
| Mean | 91% | 62% | 62% |
| 75th Percentile | 100% | 100% | 100% |
| 50th Percentile | 100% | 75% | 75% |
| 25th Percentile | 80% | 10% | 0% |
*Includes companies that set a contribution maximum.
