What Belongs in a Total Compensation Statement?
The employer share line by line, plus account funding and paid time. The components have to be recognizable.
How it works in practice
The employer share line by line, plus account funding and paid time. The components have to be recognizable.
A single large number reads as marketing. The total only persuades when the lines under it are ones the employee can identify and check.
Use real dollars for each line and the employee’s own tier. Leave out anything you cannot price accurately instead of estimating it.
One doubtful line weakens every other number on the page, so a shorter, accurate statement is better than a longer one with a guess in it.
Three places to go next
Total compensation calculator
Add up salary and employer-paid benefits.
Personalized statements
How per-employee statements are built.
Open enrollment integration
Statements delivered alongside open enrollment.
Related questions.
Should I estimate lines I cannot price?
No. Leave them out. A doubtful line weakens every other number.
Why show components and not only a total?
A single large number reads as marketing. Recognizable components make the total believable.
Which tier should it use?
The employee’s own.
Where this comes from.
This page describes how CFH builds and times total compensation statements and related materials for employer clients. It uses no outside statistics. The related guides below cover the wider process.
Send us your renewal.
We’ll tell you whether it looks competitive, where we see opportunity, and the five questions we’d put to your carrier. No cost, and no obligation to move anything.
The renewal letter
Your current plan summary
Contribution split by tier
Enrolled counts by tier
Four documents — two more if your group is 50 or more. Nothing else; every extra one is a reason to postpone.
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