FINANCIAL Benefits
FINANCIAL Benefits
HEALTH SAVINGS Account
The Empower Health Savings Account (HSA) helps you plan, save and pay for healthcare today and in the future. You can use your Empower HSA card or be reimbursed from your HSA for eligible out-of-pocket healthcare expenses such as doctor visits, eyeglasses, hearing aids, and over-the-counter drugs. You can change the amount you contribute to your HSA at any time during the plan year. And, because your balance carries over every year, you can also use your account to build a nest egg for healthcare expenses when you retire.
You must elect the HSA each year if you want to participate.
To make changes to your HSA contribution, visit hr.primerica.com > Primerica Benefits Center.
To view your HSA Account, visit hr.primerica.com > 401(k)/HSA Plan - Empower.
As an HSA user, you have a
TRIPLE TAX ADVANTAGE
YOUR MONEY
GOES IN Tax Free
GROWS Tax Free
GOES OUT Tax Free
Additionally, once your balance reaches $2,000, you have the choice to begin investing HSA dollars in mutual funds.
SPENDING Accounts
Spending Accounts, administered by Optum Bank, allow you to use tax-free dollars to pay for eligible healthcare, dependent care, and transportation expenses. These accounts allow you to pay yourself back for eligible expenses with money you contributed pre-tax. Primerica offers the following spending accounts for you to choose from.
401(k) Plan
The Primerica Savings and Investment 401(k) Plan, administered by Empower, helps you to plan for retirement and supports you in achieving your savings goals. You can contribute to the Plan on a pretax basis and/or a Roth 401(k) after-tax basis. Your total pre-tax and Roth 401(k) contributions cannot exceed 75% of eligible compensation or the annual IRS contribution limit of $23,500 in 2025, whichever is lower.
If you are age 50 – 59 or age 64 or older, you are eligible to make additional catch-up contributions of up to $7,500. If you are age 60 – 63, you are eligible to make additional catch-up contributions of up to $11,250. You can change your contribution and adjust how your funds are invested at any time during the year.
Primerica provides a matching contribution of 100% on the first 4% and 50% of the next 2% that you contribute, and you are immediately vested in these contributions. Take time to make sure you have a beneficiary on file with Empower.
MORE ABOUT YOUR 401(K) PLAN
For more information, visit hr.primerica.com > Quick Links > 401(k)/HSA Plan link.
Click on the buttons below to learn more about your retirement benefits.