2023/11/29 Council Agenda Packet

Peak One Administration recognizes the challenges inherent in selecting a service and technology partner. Differences between competitors’ products can be difficult to assess or impossible to objectively measure. The primary difference our clients notice with Peak One is our consultative approach and our future-focused vision. We take the time to: ABOUT PEAK ONEFLEXIBLESPENDING ACCOUNTADMINISTRATION FLEXIBLE SPENDING ACCOUNT (FSA) As more and more of your employees’ household budgets are allocated to healthcare expenses, you can offer them a way to save money and offset increasing health and dependent care costs. With a Peak One Flexible Spending Account (FSA), your employees gain more spending money per paycheck while you reduce your company’s payroll tax liability. Enjoy tax savings with pre-tax deductible contributions and tax-free distributions used for qualified plan expenses including daycare and adoption assistance. Quickly and easily access funds using the Peak One debit card at point of sale, or request to have funds directly deposited to a bank account via online or mobile app Enjoy secure access to accounts using a convenient Consumer Portal available 24/7/365 and mobile access for employees “on the go” Easily file claims online and let the system determine approval based on eligibility and availability of funds Stay up to date on balances and action required with automated email and text alerts and convenient portal and mobile home page messages Roll over up to $610 of unused funds into the next plan year (if you elect this option) Get one-click answers to benefit questions Dependent care/adoption assistance Understand your company’s objectives Understand the value of those objectives in the context of your specific business Determine your company’s success criteria Offer services that meet your objective and Establish metric performance goals based on your criteria PEAK ONE FSA FEATURES: PEAKONEADMIN.COM