Fringe - Family

Child Adoption Assistance Account

  • Participant contributions pay for expenses related to adopting a child.
  • Expenses related to adopting a child including medical, travel and legal expenses.


Participant Benefits

  • Able to plan ahead and start saving for adoption-related medical, travel, and legal expenses.
  • May be employee- or employer-funded or both.
  • Contributions are tax-deductible.
  • Improves financial & mental wellbeing.

Employer Benefits

  • Employer funds are tax-deductible, if employer contributes.
  • Reduce FICA/Payroll taxes by 7.65% for every pretax dollar employees contribute.
  • Improves recruiting, retention and engagement.