Page 5 - 2023 Hickory Crawdads - Benefits Guide_Neat
P. 5
PAYROLL DEDUCTIONS
Some payroll deductions for benefits are considered pre-tax. This means you do not pay state, federal, and social
security taxes on eligible premiums paid using a payroll deduction. The following chart shows whether your payroll
deductions are pre-tax or after tax:
BENEFIT WHO PAYS TAX TREATMENT
Medical Coverage The Company & You Pretax
Dental Coverage The Company & You Pretax
Vision Coverage The Company & You Pretax
Basic Life and Accidental Death &
Dismemberment (AD&D) Insurance The Company After-tax
Voluntary Life and Accidental Death &
Dismemberment (AD&D) Insurance You After-tax
Disability Coverage The Company After-tax
Employee Assistance Plan The Company After-tax
401(k) and Roth Retirement The Company & You Pretax and After-tax
Savings Plan
Certain Voluntary Products You After-tax
2023 Hickory Crawdads Benefit Guide Page 5