Benefits Calculation in Salary
What proportion of employee benefits are assumed to have an in-state impact as opposed to being out-of-state leakage (for example, health insurance premiums are paid to out of state employers, however when an employee visits a local doctor, some of that premium is paid back to the local hospital )? Please find below a list of activities we are including in benefits payments. We are currently assuming that 90% will be in-state and 10% will be leakage to out-of-state o Medical o Dental o RX/Prescription Drugs o Vision o Executive Medical o Medical Employee Contributions o Dental Employee Contributions o Vision Employee Contributions o FICA Expense o FUTA o SUI Employer Tax o 401K Match o ASO & Other Fees o Disability Benefits o Tuition Reimbursement o Life Ins/AD&D o Long Term Care o Wellness Programs o Other Benefits
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