Money Matters: Employer Provided Benefits
Employer Provided Benefits
As we honor those who work hard on this Labor Day, we feel it’s an appropriate time to remind to make sure you’re maximizing your employee benefits. Our friends at www.practicalmoneyskills.com tell you how!
Most employers offer a host of company-sponsored benefits. Often, the combined value of these coverages is worth a third or more of your base pay. That’s too much money to leave on the table. And some employee benefits have valuable tax advantages you can’t afford to ignore.
If your employer provides a 401(k) plan or Health Care and Dependent Care Flexible Spending Accounts (FSAs) and you’re not participating, you could be missing out on hundreds – or thousands – of dollars in tax savings each year. That’s money that goes right into your pocket instead of Uncle Sam’s.
Here you’ll find the ins and outs of employee benefits and everything you need to maximize your job and all it has to offer.