Comparing Tax-Advantaged Accounts
Comparing Tax-Advantaged Accounts
Pre-tax accounts are one of the easiest ways to stretch your paycheck further. Every dollar you contribute lowers your taxable income while covering eligible health expenses. See if a tax-advantaged account might be right for you and your family. Here’s a high-level look at what’s available to you:
| Plan Feature | Health Care FSA | Limited Purpose FSA | Health Savings Account (HSA) | Dependent Care FSA | Commuter Benefits |
|---|---|---|---|---|---|
| Who can contribute? | Associates:
|
Associates enrolled in the SavingsPlus HSA who elect or contribute to an HSA* | Associates enrolled in the SavingsPlus HSA | All benefits-eligible associates | All benefits-eligible associates |
| Broadridge Contribution | $100 annually | None | Annually: $500 Associate Only/$1,000 Family | None | Up to $60 toward monthly transit orders. If you work at the Gateway Center Newark, NJ office, the subsidy may be used for either parking or transit each month, but not both. |
| Your 2027 Maximum Annual Contribution (including Broadridge contribution) | $3,500** | $3,500** | $4,500** Associate Only/$9,000*** Family | $7,500 | 2026: $340 (monthly)** |
| What expenses can I use it for? | Eligible medical, prescription drug, dental, and vision expenses that you and your tax dependents incur | Eligible dental and vision expenses that you and your tax dependents incur | Eligible medical, prescription drug, dental, and vision expenses that you and your tax dependents incur | Eligible dependent daycare expenses | Eligible commuter-related mass transit and/or parking expenses |
| How long can I access my funds? | This account is “use it or lose it” – funds do not roll over year to year | This account is “use it or lose it” – funds do not roll over year to year | Funds roll over year to year and remain yours even if you leave Broadridge | This account is “use it or lose it” – funds do not roll over year to year | Unused funds roll over month to month |
| What happens to your account if you leave Broadridge? | You forfeit unused funds | You forfeit unused funds | Unused funds are yours to keep | You forfeit unused funds | You forfeit any unused funds at the end of the month in which you leave Broadridge |
*Your FSA type depends on whether you contribute to an HSA, NOT on which medical plan you choose. If you enroll in SavingsPlus HSA but do NOT elect or contribute to an HSA, you may be eligible to participate in a Health Care FSA instead of a Limited Purpose FSA.
**We’ll adopt the IRS contribution limit (to be released in the fall).
***If you are age 55 or older by the end of the tax year, you can contribute an additional $1,000 to your HSA.
Benefits Resources and Links
Look up vendor contact information for specific benefit plans.
Health Savings Account
Click the link below for more information on the Health Savings Account (HSA).
Health Care & LPFSA
Click the link below for more information on the Health Care FSA.
HCFSA vs. HSA
Click the link below for more information on the differences between the HCFSA and HSA plans.
Dependent Care FSA
Click the link below for more information on the Dependent Care FSA.