Is the Total Compensation Calculator the Same as a Benefits Statement?
No. The calculator is the core of a statement, not the whole document. It gives you the total quickly.
How it works in practice
No. The calculator is the core of a statement, not the whole document. It gives you the total quickly.
A full statement lists each benefit and its value for one employee: the employer share of medical, dental and vision, account funding, paid time and the rest. The calculator rolls those into a single figure.
Use the calculator when you need a fast answer, such as checking an offer or sizing up the package. Use a statement when each employee should see their own breakdown.
The two use the same logic, so a number from the calculator and a number on a statement should agree when they use the same inputs.
Three places to go next
Total compensation statements
Show employees the full value of the package.
Total compensation calculator
Add up salary and employer-paid benefits.
Open enrollment integration
Statements delivered alongside open enrollment.
Related questions.
When is the calculator enough?
For a quick estimate or an illustration, where one total answers the question.
When do I need a statement?
When each employee should see their own breakdown, with their own tier and plan.
Do the two agree?
They use the same logic, so they should match when given the same inputs.
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.
An independent employee benefits consulting firm. We look at the entire benefits program: cost, plan performance, risk and administration.
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