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Five common mistakes employees make in benefits planning

I'm sure you've heard the phrase "start off on the right foot." It's a guideline that can be applied to everything in life from starting a new career to getting married.

By Liz Davidson | Updated on October 18, 2010

I’m sure you’ve heard the phrase “start off on the right foot.” It’s a guideline that can be applied to everything in life, from starting a new career to getting married. But a lot of times, we make initial mistakes that lead to others – we’re not only on the wrong foot; we’re wearing the wrong shoes.

You probably see this with employees in their benefits plans: They are using their benefits wrong from the get go. Instead of helping them reach financial milestones, like retirement or to pay for costly health care expenses, benefits end up costing employees more or become lost opportunities.

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