Important Workday Benefit Updates
As we continue our transition to Workday, we want to address some of the most common questions we are hearing and provide helpful reminders. Here are some key updates:
How to Find Your Retirement Contributions:
Many of you have asked where to find your employer contributions to your retirement plan. The best place to view this information is on your payslip. Here’s how you can find it:
- Log into Workday and click the Menu on the top left.
- Select Pay from the options.
- You can then view or print a copy of your payslip.
- Look for the Employer Paid Benefits section, where you’ll find the details of your retirement contributions.
Leave Reports Reminder:
- Monthly employees should update any leave taken in December in Workday.
- Employees can request time off and have it approved in advance through Workday.
Flexible Spending Account (FSA) Reimbursement for 2024:
To ensure a smooth reimbursement process, here’s a brief breakdown of what to keep in mind:
· Deadline for Submission:
o You have until March 31, 2025, to submit your receipts for medical and dependent care expenses incurred in 2024.
How to Submit Claims:
o You will need to submit claims through WEX, the vendor used for FSA management in 2024.
o Instructions on how to submit these claims can be found on the University of Richmond’s Flexible Spending Account page
Medical FSA rollover
o All medical FSA balances up to $640 will be rolled over to Health Equity after March 31, 2025
Need More Help? Contact HR here.