Who Gets What Benefits?
According to a recent survey of 500 chief financial officers and corporate accountants conducted by the New England, a Boston-based insurance and investment firm, companies with 250 or fewer employees tend to favor insurance-based benefits for their executives, despite rising costs. Another surprise: most of those companies also provide basic health- and life-insurance benefits for all employees, although only a handful continue to extend those costly benefits to their retirees.* * *
Benefits currently offered Benefits currently offered
to all employees only to executives
Basic life and 95% Stock options 43%
health insurance Deferred compensation 39
Retirement plan 83 Supplemental disability* 48
Cafeteria plans 44 Additional life insurance 52
Reimbursement 32 Postretirement medical* 4
accounts Supplemental retirement* 4
Postretirement medical 7 *These supplement company
Other 20 benefits offered to all
employees.* * *
Source: A survey of members of the American Institute of Certified Public Accountants conducted by the New England, 1992.