03 Apr Benefit Squeeze

UBA

The number of small companies offering benefits dropped to the lowest level in 20 years in 2012, according to new LIMRA research. Forty percent of small family-owned businesses offered benefits last year, compared with 47 percent in 2005.  The survey found male-owned businesses (50 percent) were more likely to offer benefits than female-owned companies (37 percent), partly because female companies tend to be smaller.