Employee Benefits Trends 2023: Key Insights from National Survey of Employers
MEA recently conducted the 2023 National Benefits Survey along with other participating employer associations across the United States. 1,222 organizations participated in the survey. Organizations answered 143 questions about their employee benefits offerings. The survey covers a variety of topics which include health and welfare benefits, retirement benefits, part-time employee benefits and miscellaneous benefits.
Participating Organizations by Employee Size
- 1-99 Employees: 50.4%
- 100-499 Employees: 38.4%
- 500 or More Employees: 11.2%
Top Participating Industries
Over half of the participating employers fall into the combined services sector (53.3%). The second largest participating sector is manufacturing (38.5%).
Top Participating Organizations By Revenue
- $0-24.9 Million: 48.6%
- $25-49.9 Million: 18.3%
- $50-99.9 Million: 12%
- $100-249.9 Million: 10.8%
- $250+ Million: 10.2%
Key Employee Benefits Takeaways
- The average HMO office visit co-pay is between $24 – $26 which is similar to the PPO in network office visit co-pay which averages between $25 – $27.
- Employers who offer an HSA contribute an average of $755 annually to their non-union maintenance and service workers’ accounts.
- The majority of dental plans are separate/standalone plans with dental PPO being the most popular offering.
- 401(k), 403(b) or 457 plans continue to be the most popular retirement income plan offerings with an average employer match netting out at 2.5% – 4.9%.
- Average employer-paid benefits as a percent of payroll (including statutory benefits) ranges between 30.3% to 33.1%.