Monthly Administration Fee Change

The monthly administration fee for each participant will increase from $4.50 to $5.00. This applies only to those participating in the Healthcare Spending Account and/or the Dependent Care Spending Account. We are continuing our policy of no charge for participants using only the premium account. The minimum monthly charge will increase from $25 to $50.

Because contributions to the Flexible Benefits Plan reduce taxable income, a reduction in the school’s payroll tax will offset some or all of the administrative fees. On average, schools in the CSI Flexible Benefits Plan are saving over $2,700 this year in payroll taxes.

Full Issue: No. 54 - May 9, 2008

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