Employer Estimated Savings
Sample Cost Savings
Maximize your savings by maximizing your employee enrollment in both the Flexible Spending Account and Premium Contribution Plan. The more employees enrolled, the more you save on payroll taxes. The chart below outlines sample savings for your company.
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*The above example assumes the employer employs 200 employees who contribute $181,800 annually for their insurance premiums. Participation in spending accounts is as noted above. Each employer’s savings will vary. **FICA & Medicare savings at 7.65%. |
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| Total | Monthly | Annually |
|---|---|---|
| Employee Premium Contributions* | $15,150.00 | $181,800.00 |
| Health Expense Account Contributions* (22 employees contribute $150/mo) |
$3,300.00 | $39,600.00 |
| Dependent Care Expense Account Contributions* (15 employees contribute $400/mo) |
$6,000.00 | $72,000.00 |
| Payroll reductions | $24,450.00 | $293,400.00 |
| Employer Savings** | $1,870.42 | $22,445.10 |
