How are small businesses like yours responding to increased health care costs, shifting employee needs and growing economic uncertainty? In our annual Small Group Employee Benefits Benchmark Report, we seek to answer that key question through the compilation of relevant data collected from small businesses across the country and spanning various industries.

What is Employee Benefits Benchmarking?

Employee benefits benchmarking is intended to help your organization determine the competitiveness of your health plan via data collected on similar-sized employers’ plan costs, plan design and more. It is a valuable tool that can inform your benefits strategy throughout the plan year.

Whether you’re kicking off your annual employee benefits planning process, gearing up for your health plan renewal, or getting ready for open enrollment season, the data in this small group benefits benchmarking report can inform your strategy to ensure maximum effectiveness.

What Emerging Trends Are Impacting Employer-Sponsored Health Plans This Year?

Each year, ongoing and emerging trends continue to redefine small business's approaches to employee benefits. A fluctuating economy, shifting employee needs and wants, and rising health care costs all present challenges that employers must address to stay competitive this year.

Some of the key trends shaping small business’s employee benefits plans in 2024 include a push for expanded benefits, a strong emphasis on employee experience, the growing importance of administrative efficiency and the need for strong cost-containment measures. Inside our small group employee benefits benchmarking report, we dive deeper into each of these trends to offer more insight into how your organization can adapt to and embrace them.

What’s Inside the Small Group Employee Benefits Benchmark Report?

Inside the annual Small Group Employee Benefits Benchmark Report, you’ll find statistics and insights regarding:

• Medical plan design
• Dental
• Vision
• Basic life
• Long-term disability
• Short-term disability
• And more

Ultimately, the information in this employee benefits benchmarking report will help you identify your plan’s strengths and weaknesses to fortify your recruitment, retention, and group health and welfare efforts.

Download your copy of the 2024 Small Group Employee Benefits Benchmark Report today.