Credit: Adobe Stock
Three out of every four employees lack understanding about their company's benefits and that is likely to translate into lower participation as open enrollment season rolls around. According to research from benefit automation company Payroll Integrations, employees who feel educated about company benefits are three times more likely to opt in to certain benefits than those who don't feel educated.
In particular, employees with high levels of benefits education are three times more likely to opt in for health savings accounts, flexible spending accounts and financial education and planning. In addition, 70% of benefit-educated employees participate in retirement, while only 52% of those who don't feel educated participate.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
