Are You Getting the Most from Your Employee Benefits?

Retirement Plans

Retirement savings should be a priority, and many employers make it easy with payroll-deducted plans that come with tax benefits. Some also offer contribution matching—essentially free money to boost your savings.

Common match types:

• Full match: Employer matches 100% of your contributions up to a set percentage of your salary (e.g., 3%)
• Partial match: Employer matches 50% of what you contribute, typically up to 6% of your salary

If you’ve changed jobs, you may be able to roll your old retirement account into your new employer’s plan. Don’t leave money on the table—take advantage of all available options.

Health Insurance

Review your health plan each year—it can impact both your physical and financial health.

For those in good health, a High-Deductible Health Plan (HDHP) might be a cost-effective choice, especially when paired with a Health Savings Account (HSA).

HSAs offer triple tax advantages:

• Contributions are tax-free
• Earnings grow tax-free
• Withdrawals for qualified medical expenses are tax-free

Be sure to compare all available plans to find the best fit for your health needs and budget.

Safety Net Coverage

Disability and life insurance help protect your income if something unexpected happens. Many employers provide basic coverage:

• Disability insurance: Know what’s offered—short-term, long-term, or both—and how much of your income it replaces
• Life insurance: Often limited but guaranteed without a medical exam

Reimbursement Perks

Your employer may offer helpful stipends or subsidies, such as:

• Tuition or student loan repayment
• Professional development funds
• Childcare or caregiver support
• Commuter benefits or meal subsidies

These perks may change each year, so check what’s currently available.

Emergency Savings

Some employers now offer emergency savings accounts funded through payroll deductions. These accounts offer:

• Easy, penalty-free access to savings
• Optional employer contributions or incentives

It’s a great way to build your financial cushion without added effort.

Take time to explore your employer’s full benefits package—it’s a powerful tool for your financial wellbeing. If your workplace benefits fall short, talk to us about other ways to save, protect, and grow your money.