Money and Savings
Well-being means something different to everyone. We all start at different points, set different goals and save for the future differently. Wolters Kluwer offers benefits and programs that help you create a plan that works for you today while empowering you to achieve your long-term goals.
Benefits that make a difference for your money and savings include a 401(k) Plan, Health Savings Account, Flexible Spending Accounts, commuter benefits and Business Travel Accident Insurance.
401(k) Plan
You have access to the Wolters Kluwer 401(k) Plan, a tax-advantaged long-term savings vehicle that both you and Wolters Kluwer contribute to. You can contribute to your account through pre-tax and/or after-tax Roth contributions. Wolters Kluwer contributes to your savings in two ways: through matching contributions and a discretionary company contribution.
Part-time employees are eligible for the 401(k) Plan after 1,000 hours of service.
Health Savings Account (HSA)
If enrolled in a Wolters Kluwer consumer driven health plan, you have access to an HSA which offers the opportunity to save and pay tax-free for eligible health care expenses, including medical, prescription drug, dental and vision expenses today and into the future. You can grow your balance through your own contributions (up to annual IRS limits), Wolters Kluwer quarterly contributions and interest/investment returns on your invested HSA dollars.
Flexible Spending Accounts (FSAs)
We provide two types of FSAs—a Health Care FSA and a Dependent Care FSA. Both FSAs provide opportunities for you to set aside pre-tax dollars to help pay for eligible out-of-pocket expenses throughout the plan year. You can participate in the FSAs regardless of your medical plan enrollment. However, if you enroll in an HSA-eligible plan and participate in the Health Care FSA, you will be limited in how you can use the funds in your Health Care FSA.
Commuter Benefits
You have access to commuter benefits which provide tax savings for public transportation and parking expenses related to your commute to work.
Business Travel Accident Insurance
Wolters Kluwer provides insurance while traveling on company business which provides coverage for emergency medical claims, loss/theft of personal belongings and evacuation services.
