A benefit not mandated by law but often provided by employers is what?

Retirement plans are considered a benefit not mandated by law but commonly offered by employers as part of a competitive compensation package. These plans can take various forms, including 401(k) plans, pensions, or other retirement savings options. While they provide significant value to employees by helping them save for their future, employers are not legally required to provide these benefits.

In contrast, health insurance is often mandated for certain employers under laws like the Affordable Care Act, while unemployment insurance and Social Security are government-mandated programs that employers must participate in. Therefore, retirement plans exemplify a type of benefit that enhances employee satisfaction and loyalty without being a legal requirement.