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♦ U.S. Chamber of Commerce Releases Annual Study of Benefits The cost of benefits averaged 42.7 percent of payroll, according to the Chamber of Commerce’s Employee Benefits Study 2007. As a percentage of payroll, payments for medically related benefits accounted for 12.1% of employer benefit costs; retirement benefits, 10.4%; vacation, holidays, and other time not worked, 9.8%; and legally required payments, 9.5%. Companies with fewer than 100 employees paid an average of 33.5% of payroll in benefits; medium-size companies (500-999 employees), 40.5%; and the largest companies (5,000 or more employees), 43.2%. 􀂄

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