What component of a company's benefits package is second only to mandatory benefits in terms of cost for an organization?

Question

Quizplus · Accepted Answer

Retirement plans are often the second most costly component of a company's benefits package, after mandatory benefits such as Social Security and workers' compensation. This is because retirement plans typically involve significant employer contributions on behalf of employees, such as matching 401(k) contributions or defined benefit pension plans.

What Component of a Company's Benefits Package Is Second Only