Savings & Spending Accounts

Overview

Siegwerk offers you the following accounts and encourages you to take full advantage of their money-saving potential. You can enroll in them on the Paychex Enrollment Portal as a new hire, during Annual Enrollment, or if you have a qualifying life event. Note: You must enroll in these accounts each Annual Enrollment if you want to contribute the next year, even if you already participate.

2025 tax-advantaged accounts

Tax-free money.

Money goes in tax-free* and comes out tax-free when it’s used for eligible expenses.

Convenient payroll deductions.

Contribute to your accounts easily and effortlessly.

Helpful budgeting tool.

Plan for upcoming expenses by setting aside money each paycheck.

*Contributions are not subject to federal tax. However, HSA contributions are currently subject to state tax in AL and CA, both HSA and FSA contributions are subject to state tax in NJ. Consult with your tax advisor to understand the potential tax consequences of enrolling in an HSA and/or FSA.

Compare the accounts

HSA vs. FSAs

Access your account

What’s eligible?

Here’s an example. Let’s say Tom decides to set aside $2,000 in an HSA or FSA for the year. Normally, on that money, he’d pay $480 in federal income tax, $100 in state income tax, and $153 in payroll tax. So, by contributing that $2,000 to his HSA or FSA, he’ll get $733 in tax savings for the year.

Without an HSA or FSA, Tom would pay …	Savings
24% in federal income tax	$480
5% in state income tax*	$100
7.65% in payroll tax	$153
His total tax savings for the year with an HSA or FSA	$733

This hypothetical illustration is for educational purposes only. Dollar amounts or savings will vary depending on income, state and city tax rules, and other factors. Please consult a tax, legal, or financial advisor about your own personal situation.

*Contributions are not subject to federal tax. However, HSA contributions are currently subject to state tax in AL and CA, both HSA and FSA contributions are subject to state tax in NJ. Consult with your tax advisor to understand the potential tax consequences of enrolling in an HSA and/or FSA.

Health Savings Account

With the Saver HDHP and Premium Saver HDHP, you’re eligible to open and contribute money to a Health Savings Account (HSA) through HealthEquity. The HSA is a tax-free savings account that you own. You can use it to pay eligible health expenses in the current year or in the future — even in retirement.

Get unbeatable advantages with an HSA

The HSA has a triple-tax advantage that trumps even a 401(k) or Roth IRA. And, Siegwerk will contribute to your account, too!

*Money in an HSA can be withdrawn tax-free as long as it is used to pay for qualified health-related expenses. If money is used for ineligible expenses, you will pay ordinary income tax on the amount withdrawn, plus a 20% penalty tax if you withdraw the money before age 65.

2025 contribution limits

The maximum amount you and Siegwerk can contribute to your HSA is determined by annual limits set by the IRS. In 2025, the total contribution amounts allowed are:

$4,300 if you have employee-only medical plan coverage, or
$8,550 for family medical coverage.

Add $1,000 to these limits if you’re age 55 or older.

Keep in mind: These IRS limits include the $1,000 annual contribution you receive from Siegwerk. The amount you can contribute from your paycheck for the year will be $1,000 lower.

Getting started

To contribute to an HSA, you must be enrolled in the Saver HDHP or Premium Saver HDHP. You select your HSA contribution amount during the benefits enrollment process. Throughout the year, you can change your HSA contribution election, if needed, through the Paychex Enrollment Portal. To manage your account, visit the HealthEquity website.

Important: As you start using your HSA, keep in mind that you can only spend money that has actually been deposited into your account — your entire annual contribution amount is not available to you from the beginning of the plan year. Your HSA balance will grow as deposits are made from each paycheck.

Flexible Spending Accounts

Using an FSA is like getting a discount on everyday health and/or dependent care expenses because you’re paying with tax-free money. There are separate FSAs for health care and dependent care. Our FSAs are administered by WageWorks.

Limited Purpose FSA

A Limited Purpose FSA is available to employees who have an HSA. It offers additional tax-saving opportunities. You can contribute up to $3,300 for the year to your Limited Purpose FSA through pre-tax payroll deductions. This account can be used for eligible dental and vision expenses and only those eligible medical expenses that exceed your deductible (such as coinsurance). Siegwerk will follow the maximum limits allowed by the IRS. The 2025 limit is $3,300.

How the Limited Purpose FSA works

Health Care FSA

A Health Care FSA is available to employees who do not enroll in a Siegwerk high-deductible medical plan or who aren't eligible for an HSA. You can contribute up to $3,300 for the year through pre-tax payroll deductions to help cover eligible medical, dental, and vision expenses.

How the Health Care FSA works

Dependent Care FSA

A Dependent Care FSA is available to all employees. You can contribute up to $5,000/year if single or married filing jointly, or $2,500/year if married and filing separate tax returns, through pre-tax payroll deductions to help cover your eligible dependent care expenses including child care for children up to age 13 and care for dependent elders.

Keep in mind: A Dependent Care FSA is not for your dependent’s health care expenses. It is for dependent day care needs. You can use this account to help pay for day care that lets you go to work. If you're married, your spouse must work, be looking for work, or go to school full time.

How the Dependent Care FSA works

Compare the Accounts

	HSA	Limited Purpose FSA	Health Care FSA	Dependent Care FSA
Available …	With Saver HDHP or Premium Saver HDHP	With Saver HDHP or Premium Saver HDHP	If you waive Siegwerk medical coverage or aren't eligible for an HSA	Any or no medical plan enrollment
Receive company contribution	Yes	No	No	No
Change your contribution amount anytime	Yes	No	No	No
Access your entire annual contribution amount as needed	No	Yes	Yes	No
Access only funds that have been deposited	Yes	No	No	Yes
Use account money for…	All eligible health care expenses	Only dental and vision expenses	All eligible health care expenses	Eligible dependent care expenses, including child care for children up to age 13 and care for dependent elders
“Use it or lose it” at year-end	No	Yes (after the grace period)	Yes (after the grace period)	Yes
Money is always yours to keep	Yes	No	No	No