I'm W2 for life. The benefits are quite extensive. I did the math. My employer pays $50 monthly for life insurance, $1050 monthly for health insurance (single plus one), $300 in Medicare taxes, $1290 in social security taxes, $3600 in pension and $1080 in 401k matching. I understand most places aren't going to get a pension, but hopefully you're getting better matching in your 401k. It's still a chunk of money, particularly since it's all either tax free or at least tax deferred to when I am in a much more favorable bracket.