- Participant payroll deductions pay for dependent care expenses while at work or school.
- Expenses include daycare, preschool and babysitting.
Why?
Participant Benefits
Pay a sitter to watch child or elderly parent while you work or go to school – whether on-site or remote.
- Save as much as 30% on expenses.
- Deductions are pre-tax reducing total taxable income.
- Improves financial & mental wellbeing.
Employer Benefits
- Reduce FICA/Payroll taxes by 7.65% for every pretax dollar employees contribute.
- Improves recruiting, retention and engagement.