What’s Included in a Good Employee Benefits Package? A Guide for Small CT Businesses

Offering benefits isn’t just for big corporations. In Connecticut, small businesses are increasingly expected to provide competitive benefits packages to attract and retain top talent. But what exactly should go into one?

Whether you're hiring your first employee or reworking your current offering, this guide breaks down the most important elements of a strong benefits package — and how to make it work for your business.

 

1. Health Insurance

This is the cornerstone of most benefits packages. Even if you're a small business, you may qualify for affordable group health plans or level-funded options. Many employers choose to cover part of the premium while allowing employees to add dependents at their own cost.

Common plan types:

 

  • PPO, HMO, POS, or HSA-compatible plans
  • Fully insured or level-funded
  • Access to local and national provider networks

 

2. Dental & Vision Coverage

These are highly valued by employees, especially when offered at little or no cost. Group dental and vision plans can often be added affordably to your benefits offering, even if health insurance isn’t included.

Why it matters: Preventive care helps reduce long-term costs for both you and your team.

 

3. Life & Disability Insurance

Group life insurance and short/long-term disability coverage provide a safety net during unexpected events. They’re especially appreciated by employees with families or financial obligations.

 

  • Basic life is often employer-paid
  • Additional life, AD&D, and disability can be voluntary (employee-paid)
  • Most plans have guaranteed issue amounts

 

4. Retirement Savings Options

You don’t need a giant budget to offer a retirement plan. Even a simple IRA match or SEP IRA option shows your commitment to long-term employee wellbeing. Connecticut also has a state-run program (MyCTSavings) for businesses without their own plan.

Tip: Partnering with a financial advisor can help you choose the best option for your company size.

 

5. Voluntary Benefits

Employees appreciate having choices, even if they’re paying for them. Voluntary benefits can include:

 

  • Critical illness & accident insurance
  • Hospital indemnity
  • Pet insurance
  • Legal & identity protection services

 

These are typically 100% employee-paid through payroll deduction.

 

6. PTO, Holidays & Flexibility

Don’t underestimate the value of time. Offering competitive paid time off, holidays, and flexible schedules helps your business stand out — especially with remote or hybrid roles on the rise.

Popular options:

  • PTO accrual vs. flat bank
  • Paid holidays
  • Work-from-home flexibility

 

 

Conclusion

You don’t need to match what Fortune 500 companies offer to build a great employee benefits package. It’s about finding the right balance between affordability and value — for you and your team.

We help Connecticut business owners design smart, scalable benefits that grow with their team. Let’s create something that supports your goals and theirs.