Total Compensation Summary
The Total Compensation Summary table displays estimates of your annual compensation amounts, based on your current annual salary, benefit elections, and leave accrual rates.
Field | Description |
Compensation Type
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This column lists the following types of compensation:
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Annual Amount
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This column displays the annual amount paid by the company for each type of compensation:
- Annual Salary — This field displays your annual salary amount.
- Health and Welfare Benefits — This field displays the total annual employer cost for the health and welfare benefits you receive.
- Company and Paid Retirement Benefits — This field displays the annual amount of benefits entered in the Employee Deductions and Contributions screens in Costpoint. The system estimates the annual company match using the deduction assigned to the employee and the corresponding contribution.
- Leave Benefits — This field displays an estimate of the annual value of your leave accrual.
- Social Security — This field displays the annual amount paid by the company for your Social Security benefits.
- Medicare — This field displays the annual amount paid by the company for your Medicare benefits.
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Percentage
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This field displays the percentage of your total compensation represented by the compensation type.
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Total
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This field displays the total annual amount of all compensation listed in the table.
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Benefit Elections
Field | Description |
Benefit
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This field displays the type of benefit.
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Plan
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This field displays the name of the plan that you have elected to use. The plan names may display as hyperlinks that you can click to get more information.
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Coverage Level
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This field displays the level of coverage that you have elected for the benefit (for example,
Employee or
Family).
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Coverage Amount
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This field displays the amount of coverage that you have elected for the benefit.
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Annual Employee Cost
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This field displays the total amount that will be deducted from your paycheck for the year for the benefit.
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Annual Employer Cost
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This field displays the total annual amount that your employer pays for the benefit.
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Total - Annual Employee Cost
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This field displays the total annual employee cost for all benefits.
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Total - Annual Employer Cost
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This field displays the total annual employer cost for all benefits.
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