Pretax Savings Technology Lets Employees Keep More of What They Earn

Pretax savings accounts—where employees deposit money after they’ve earned it but before it is taxed—can be a great benefit. Workers can use them to pay for commuting costs, health savings accounts (HSAs) or day care expenses. But the red tape involved in managing these programs and employees’ uncertainty about whether they qualify to use such accounts hinder participation and add to HR’s already full benefits-administration plate.
Source: New feed 2