Here's some helpful information to help you understand more about Company FSAs in Zenefits.
What is Compliance Testing for FSAs?
Compliance testing (also known as non-discrimination testing) ensures that a company's Medical or Dependent Care FSA treat all employees equally, and do not favor key or highly-... Learn more
Zenefits charges companies a base annual servicing fee of $150 for the plan year and a monthly fee per employee enrolled in a Medical and/or Dependent Care FSA. The two contract... Learn more
Key and Highly Compensated Employees and FSA Plans
Non-discrimination testing (also known as compliance testing) examines the contributions of Key and Highly-Compensated Employees to determine whether all employees are treated e... Learn more
Limits on Employer Contributions to Dependent Care FSAs
Employers can also choose to contribute to employees' Dependent Care FSAs. However, the combined employer and employee contributions cannot exceed the IRS limits (the maximum an... Learn more
Limits on Employer Contributions to Health Care FSAs
Employers can also choose to contribute to employees' Health Care FSAs and match up to a maximum of $3050 in 2023, for a maximum of $6100 in combined annual contributions. Sin... Learn more
What are the tax advantages of offering FSAs to my employees?
Employees' taxable income is reduced by their FSA contributions, so employers pay less in Medicare and Social Security taxes (together, FICA taxes). Higher enrollment rates mean... Learn more
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