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3.3 Typical Fringe Benefits
 Fringe benefits often include, but are not limited to, such items as
- Health insurance
- Dental insurance
- Paid days off (including vacation, holidays,
and sick days)
- Maternity leave
- Continuing education allowance
- Professional liability coverage
- Retirement plan contributions
- Life insurance
There are no standard costs for these benefits. To find out what kind
of benefits potential employees are likely to expect, learn what fringe
benefits other dental offices in the community offer. The value of these
benefits, over and above basic wages, can be substantial. The Professional
Compensation Package Valuation table provides an example of the value
of an employee’s total compensation package.
An employer contribution to payroll taxes represents another salary-related
expense. Sometimes these expenses are included in the fringe benefit
rate, which is usually stated as a percentage of salary. For example,
an employee with a $50,000 annual salary and a 25 percent fringe benefit
package would cost the clinic $62,500. Payroll taxes include social
security (Federal Insurance Contributions Act [FICA]) and Medicare taxes,
worker's compensation payments, and state unemployment payments.
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