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5500 Preparer's Manual for 2012 Plan Years

5500 Preparer's Manual for 2012 Plan Years
The premier resource in the field of Form 5500 preparation, 5500 Preparer's Manual will help you handle the required annual Form 5500 filings for both pension benefits and welfare benefit plans.

CCH® BENEFITS — 11/13/08

Child Care Ranks High Among Important Workplace Benefits

From Spencer's Benefits Reports: Child care is one of the most important workplace benefits for families with two working parents, according to a study released by the Consulting Practice at Bright Horizons Family Solutions. The study indicates that one in four parents using work-site child care have actually turned down or not pursued a job change because of the lack of work-site child care.

With the number of families with two working parents at an all-time high, the report indicates that high-quality, reliable work-site child care is an important benefit in relieving employees’ concerns and enabling them to be productive and present at work. In return for this benefit, they are rewarding their employers with their loyalty and commitment, with one survey respondent saying, “Having a child care facility here is why I have chosen not to look for work at other companies.”

The key findings include these:

More than 3,200 parents who participated in a full-service employer-sponsored child care center and more than 800 parents who participated in a back-up child care center sponsored by their employer responded to the survey. The study was compared to a control database of nearly 100,000 respondents from hundreds of employers who had participated in assessment surveys over the past ten years prior to their employer offering any child care benefit.

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For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer's Benefits Reports.

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