Overview
Use the following guide as a reference when setting up your benefits and deductions in payroll. You can set up recurring deductions or make one-time deductions.
Descriptions
| Medical |
| This benefit belongs to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care. |
| Pre-tax |
| Vision |
| This benefit belongs to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to vision care. |
| Pre-tax |
| Dental |
| This benefit belongs to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to dental care. |
| Pre-tax |
| Disability |
| This benefit belongs to a Section 125 Cafeteria plan that helps employees cover premiums related to disability insurance. |
| Pre-tax |
| Accident |
| This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover the costs for emergency treatment covering injuries. |
| Pre-tax |
| Cancer |
| This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover the costs for financial and emotional support when dealing with cancer. |
| Pre-tax |
| Critical Illness |
| This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover the costs for life-changing illnesses and health events |
| Pre-tax |
| Hospital |
| This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover expenses not covered by major medical. |
| Pre-tax |
| Life |
| This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover premiums related to life insurance. |
| Pre-tax |
| Medical – Other |
| This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care. |
| Pre-tax |
| 401k |
| A 401(k) plan is a tax-qualified, defined-contribution pension account that provides for pre-tax retirement savings. |
| Pre-tax |
| 403b |
| A 403(b) plan is a retirement savings plan available to qualified non-profit groups. It has a tax treatment similar to a 401(k). |
| Pre-tax |
| 457 |
| The 457 plan is a non-qualified, deferred-compensation retirement plan available to employees of government and certain non-profit organizations. |
| Pre-tax |
| Roth 401k |
| A Roth 401(k) plan is similar to the 401(k) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria. |
| Post-tax |
| Roth 403b |
| A Roth 403(b) plan is similar to the 403(b) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria. |
| Post-tax |
| Roth 457 |
| A Roth 457 plan is similar to the 457 plan, but allows employees to contribute post-tax funds and withdraw tax free given certain criteria. |
| Post-tax |
| FSA Medical |
| A medical flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for eligible medical expenses. |
| Pre-tax |
| FSA Dependent Care |
| A dependent care flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for dependent care expenses. |
| Pre-tax |
| HSA |
| A health savings account (HSA) is a tax-advantaged medical savings account enrolled in a high-deductible health plan. Funds accumulate and can be used to pay for qualified medical expenses without tax liabilities. |
| Pre-tax |
| Simple IRA |
| A Savings Incentive Match Plan for Employees Individual Retirement Account (SIMPLE IRA) is a tax-deferred employer-provided retirement plan that allows employees to set aside money and invest it to grow for retirement. |
| Pre-tax |
| Benefit | Description | Deduction Type |
| Medical | This benefit belongs to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care. | Pre-tax |
| Vision | This benefit belongs to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to vision care. | Pre-tax |
| Dental | This benefit belongs to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to dental care. | Pre-tax |
| Disability | This benefit belongs to a Section 125 Cafeteria plan that helps employees cover premiums related to disability insurance. | Pre-tax |
| Accident | This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover the costs for emergency treatment covering injuries. | Pre-tax |
| Cancer | This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover the costs for financial and emotional support when dealing with cancer. | Pre-tax |
| Critical Illness | This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover the costs for life-changing illnesses and health events | Pre-tax |
| Hospital | This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover expenses not covered by major medical. | Pre-tax |
| Life | This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees cover premiums related to life insurance. | Pre-tax |
| Medical – Other | This is a supplemental benefit that belongs to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care. | Pre-tax |
| 401k | A 401(k) plan is a tax-qualified, defined-contribution pension account that provides for pre-tax retirement savings. | Pre-tax |
| 403b | A 403(b) plan is a retirement savings plan available to qualified non-profit groups. It has a tax treatment similar to a 401(k). | Pre-tax |
| 457 | The 457 plan is a non-qualified, deferred-compensation retirement plan available to employees of government and certain non-profit organizations. | Pre-tax |
| Roth 401k | A Roth 401(k) plan is similar to the 401(k) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria. | Post-tax |
| Roth 403b | A Roth 403(b) plan is similar to the 403(b) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria. | Post-tax |
| Roth 457 | A Roth 457 plan is similar to the 457 plan, but allows employees to contribute post-tax funds and withdraw tax free given certain criteria. | Post-tax |
| FSA Medical | A medical flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for eligible medical expenses. | Pre-tax |
| FSA Dependent Care | A dependent care flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for dependent care expenses. | Pre-tax |
| HSA | A health savings account (HSA) is a tax-advantaged medical savings account enrolled in a high-deductible health plan. Funds accumulate and can be used to pay for qualified medical expenses without tax liabilities. | Pre-tax |
| Simple IRA | A Savings Incentive Match Plan for Employees Individual Retirement Account (SIMPLE IRA) is a tax-deferred employer-provided retirement plan that allows employees to set aside money and invest it to grow for retirement. | Pre-tax |