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Employee Benefits

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Benefits For Employees

ProFed offers a comprehensive range of employee benefits designed to enhance financial security. From Health Savings Accounts (HSAs) for tax-advantaged healthcare savings and Financial Wellness Workshops to educate employees on personal financial management, to IRAs for retirement planning and personalized investment guidance from ProFed Financial Advisors to help employees achieve their financial goals effectively, we've got something for everyone. All of these benefits aim to support both the short-term financial health and long-term retirement security of employees. 

HSAs

High Deductible Health Plan (HDHP)? Take advantage of our Health Savings Accounts (HSAs) to save on healthcare expenses. With tax advantages on eligible expenses, your employees can better prepare for future healthcare costs.

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Financial Wellness

Enhance financial well-being and retention with in-person, hybrid, and online webinars to help your employees achieve stability, manage financial stress, and focus on their goals. Request a workshop for your business today!

Request Workshop

IRAs

Help your employees prepare for tomorrow with IRA options designed to build a secure financial future. We offer both Traditional and Roth IRAs. 

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Financial Planning

ProFed Financial Advisors can help empower your workforce to make informed decisions and cultivate financial resilience. With knowledge and experience working with a wide range of investment options, our team can help reach those long-term goals. 

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HSAs

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Our Hassle-Free Features Include:

  • No minimum balance, no enrollment or maintenance fees
  • Digital banking
  • Employee contributions via payroll deduction pre-tax
  • Check-writing flexibility
  • Visa® Debit card with fee-free ATM access for easy reimbursement
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Your Employees Are HSA Eligible If:

  • Covered by a qualified High Deductible Health Plan (HDHP)
  • Not covered under a non-HDHP
  • Not enrolled in Medicare
  • Not eligible to be claimed as a dependent on another individual's tax return
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Benefits Of Employees' HSA Include:

  • Tax savings & deferred
  • Can be used for long-term care
  • No penalty for withdrawals after 65+ (potential tax implications if the funds are used for non-qualified expenses)
  • Can be used on medical-related purchases (Learn More)
  • Even if they no longer are eligible to contribute to their HSA (changed job, employer changed health plan, etc.) those HSA funds are still theirs and can be used for qualified medical expenses until gone

Health Savings Account Rates

Health Savings Accounts** Dividend Rate (Compounded Monthly) APY* (Compounded Monthly)
Up to $999.999 0.05% 0.05%
$1,000 - $9,999.999 0.10% 0.10%
$10,000 and Over 0.25% 0.25%

Membership at ProFed is required. *APY = Annual Percentage Yield. **You must maintain a minimum daily balance of $125.00 to earn dividends.

Financial Planning

Portfolio Review

ProFed Credit Union members can call for a complimentary, no-obligation portfolio review.

Contact ProFed Financial Advisors

Investments

From mutual funds, stocks, and annuities, ProFed Financial Advisors can help apply these investments to your IRA, 403(b), retirement accounts and more.

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