About ProBenefits FSA

ProBenefits handles all plan setup and administration of both the premium portion of the plan and the FSA components (Health FSA and Dependent Care FSA). This is not a "claims processing only" service as some vendors provide, where a vendor provides mainly claims processing, leaving all administrative responsibilities to the employer. In addition to efficient and accurate claims processing, administration by ProBenefits includes:

- data verification at plan setup and renewal;
- accurate processing of participant hires, terminations, and status changes;
- oversight and assistance with legal documents as required by ERISA;
- IRS-required discrimination testing of the plan; and
- assistance with additional issues that arise in the context of the plan.

ProBenefits assists Employers with plan design ensuring maximum tax savings for Employers and participants. Flex plans typically results in substantial tax savings for your company - with no downside! For every FSA plan, every dollar contributed by participants (for premiums and FSA accounts) is exempt from federal income tax, state income tax, and FICA (including Social Security and Medicare). Also, on the same dollars contributed by participants, the Employer is exempt from all FICA matches (7.65% of all plan dollars). Fees for ProBenefits FSA administration are fairly low in comparison to the tax savings generated by the plan. Employer FICA savings generated by the plan basically ensures that the plan more than pays for itself.

ProBenefits utilizes its resources to provide current, compliant legal documentation for all plans. Legal documents distributed by ProBenefits have been drafted and approved by retained counsel, and include the latest provisions stipulated by applicable law.

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