Flexible Spending Accounts
FSA participants
$
per participant
3,000
DCA participants
$
per participant
5,000
CRA participants
$
per participant
2,400
Total
10,400
x 7.65%
FICA Saved
796
Voluntary Benefit Premiums
Voluntary participants
$
per participant
2,700
Total
2,700
x 7.65%
FICA Saved
207
Health Insurance Premiums
Health participants
$
per participant
8,100
Total
8,100
x 7.65%
FICA Saved
620
Estimated Potential Annual FICA Savings:
1,622
Acronym Key
FSA:
Healthcare Flexible Spending Account
DCA:
Dependent Care Account
CRA:
Commuter Reimbursement Account
FICA:
Federal Insurance Contributions Act Tax