A Guide For College Grads On Your Company Benefits Plan

The value of obtaining your bachelor’s degree remains a significant factor in your lifelong income and financial well-being.

In a tight employment market, companies often become more generous with their benefits. Besides the typical vacation days, your benefits package may vary widely.

What is the vesting period of the company’s matching contribution for the 401K?  If vesting is partial or two years, you will more likely keep the company’s match amount than if the vesting period is five years or more.

Student Loans Repayment Student loan repayment as an employee benefit is in its infancy, and it could grow into a core part of a company’s benefits package.

Company Stock Ownership Plans Differ Widely They are a desirable benefit for the employees to participate in its growth and may offer tax deductions.

Health Insurance You need to understand the premiums, deductibles, and co-pays you are responsible for and your plan covers.

HSAs An HSA is a tax-advantaged account for individuals covered by high deductibles, not subject to federal income tax at the time of deposits.

FSAs – Health Care Flexible Spending Plans A flex plan allows employees to pay for specific unreimbursed healthcare and dependent care expenses with pretax dollars.

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