Benefits
Everything you have, or could choose, in one place. Figures are what you entered from your own documents.
Plain-language explanations
Built-in definitions of common benefit terms. They are general, so always check your own plan's rules.
- FSA
- HSA
- 401K
- Employer match
- Vesting
- Deductible
- Premium
- Copayment
- Coinsurance
- Out-of-pocket maximum
- Open enrollment
- Cobra
401k
A 401(k) is an employer retirement plan. Many employers match part of what you contribute, up to a formula in your plan. Contributing less than the matched amount leaves that employer money unclaimed.
- Match formulas, annual caps and vesting schedules are plan-specific. Check your summary plan description.
Official source: IRS: 401(k) plans
Ask about your own plan
Paste a paragraph from your plan documents and get it explained in plain language, plus questions to ask your benefits team.
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