& Associates offers direct deposit for all plan participants.
We have an arrangement with Advantage Payroll
Services who assists us with direct deposit for our Flexible Spending Account
make this service available to your employees, three steps need to be
any plan participant wishing to set up direct deposit complete the
Direct Deposit Enrollment Form.
Directions for Completion
of the direct deposit form.
organization may need to revise your FSA reimbursement schedule to take
advantage of direct deposit. In a
regular twelve month plan year, there will be twenty-four reimbursement dates.
Reimbursement dates will be the 15th and last the day of the
month. One week before each of
these dates will be the cutoff dates (i.e., last date for a plan participant to
submit claims before the next reimbursement).
are two fees required for Direct
Deposit. The first expense, a
bi-weekly fee, is picked up by Peter Zappa & Associates.
Second, there is a $2.00 transaction fee for each direct deposit.
This expense may be picked up by either the employer or employee or both
might share the cost.
call Peter Zappa at 508-699-1076 to
discuss how direct deposit can benefit your organization.