HR Fast Facts: What Are Employer Fees for FSAs?

Carriers may charge employers a base annual servicing fee and a monthly fee per employee enrolled in a Medical and/or Dependent Care FSA.

Bookmark (0)

No account yet? Register

HR 101: The ABCs of FSAs

Flexible spending account (FSA) plans are administered by the benefits carrier an employer chooses. Carriers usually charge employers a small fee per FSA participant for administration.

For example, below is an overview of employer FSA fees on Zenefits — an all-in-one HR, benefits, and payroll platform.

Zenefits FSA fees

Zenefits charges companies a base annual servicing fee of $150 for the plan year and a monthly fee per employee enrolled in a Medical and/or Dependent Care FSA. The 2 contract options are: Annual ($4/employee per month, prepaid for the year) or Month-to-Month ($5/employee per month, monthly payments). Companies who are currently enrolled in FSA will be able to choose either contract option upon renewal of their current plan.

Bookmark (0)

No account yet? Register

Might also interest you