Values available for the benefit parameter.
The following values are available for the benefit parameter.
| Value | Description | Deduction Type |
|---|---|---|
| 125_medical | A benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care. | Pre-tax |
| 125_vision | A benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to vision care. | Pre-tax |
| 125_dental | A benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to dental care. | Pre-tax |
| 125_disability | A benefit belonging to a Section 125 Cafeteria plan that helps employees cover premiums related to disability insurance. | Pre-tax |
| 125_accident | A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover costs for emergency treatment covering injuries. | Pre-tax |
| 125_cancer | A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover costs for financial and emotional support when dealing with cancer. | Pre-tax |
| 125_critical_illness | A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover costs for life-changing illnesses and health events. | Pre-tax |
| 125_hospital | A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover expenses not covered by major medical. | Pre-tax |
| 125_life | A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover premiums related to life insurance. | Pre-tax |
| 125_medical_other | A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care. | Pre-tax |
| 401k | A 401(k) plan is a tax-qualified, defined-contribution pension account that provides for pre-tax retirement savings. | Pre-tax |
| 403b | A 403(b) plan is a retirement savings plan available to qualified non-profit groups. It has a tax treatment similar to a 401(k). | Pre-tax |
| 457 | The 457 plan is a non-qualified, deferred-compensation retirement plan available to employees of government and certain non-profit organizations. | Pre-tax |
| roth_401k | A Roth 401(k) plan is similar to the 401(k) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria. | Post-tax |
| roth_403b | A Roth 403(b) plan is similar to the 403(b) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria. | Post-tax |
| roth_457 | A Roth 457 plan is similar to the 457 plan, but allows employees to contribute post-tax funds and withdraw tax free given certain criteria. | Post-tax |
| fsa_medical | A medical flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for eligible medical expenses. | Pre-tax |
| fsa_dependent_care | A dependent care flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for dependent care expenses. | Pre-tax |
| hsa | A health savings account (HSA) is a tax-advantaged medical savings account enrolled in a high-deductible health plan. Funds accumulate and can be used to pay for qualified medical expenses without tax liabilities. Depending on the health plan, this benefit can have a hsa_contribution_limit of single or family. | Pre-tax |
| simple_ira | A Savings Incentive Match Plan for Employees Individual Retirement Account (SIMPLE IRA) is a tax-deferred employer-provided retirement plan that allows employees to set aside money and invest it to grow for retirement. Note: Check does not support non-elective contributions to the SIMPLE IRA. Employees must contribute to this benefit. | Pre-tax |
| roth_simple_ira | Roth (post-tax) contributions to SIMPLE IRAs. | Post-tax |
| transit | The value of combined commuter highway vehicle transportation and transit passes, which are excludable from wages under Section 132(f) up to a monthly limit. | Pre-tax (up to monthly limit) |
| parking | The value of qualified parking benefits, which are excludable from wages under Section 132(f) up to a monthly limit. | Pre-tax (up to monthly limit) |
| nontaxable_fringe | Various miscellaneous fringe benefits that are excluded from an employee’s gross wages and are not subject to Federal Income Tax withholding, FICA, or FUTA taxes. | Post-tax |
| nqdc | A Non-Qualified Deferred Compensation (NQDC) plan that allows employees to postpone compensation for the purposes of deferring income tax. *FICA and FUTA are still subject at the time of deferral. New Jersey and Pennsylvania (including Pennsylvania local) income taxes are also still subject at the time of deferral, since those jurisdictions tax NQDC when it is deferred. When the deferred amount is later paid out, report it with the nqdc_distribution earning type. | Pre-tax* |
| pucc | Personal Use of Company Car (PUCC): The value of an employee's personal use of a company-provided vehicle, which is a taxable fringe benefit under IRS definitions, but is non-taxable for Pennsylvania state and local taxes. *Note: this benefit type only supports company contributions, not employee contributions. Company contributions to this benefit will increase taxable wages, but will not directly affect the employee's net pay. | n/a* |
We support catch-up contribution limitsOur system automatically allows additional, catch-up contributions to HSA and retirement plans for employees who will reach the catch-up age during the calendar year of the contribution.