LessFICA is a paid affiliate of IronGate Business Advisors and earns compensation when clients it refers enroll in an IronGate program.
Pre-tax deduction.
The program applies a fixed pre-tax deduction to each participating employee's paycheck. This lowers their taxable wages.
Lower employer FICA.
The FICA rate of 7.65% stays the same, but it applies to a smaller amount of taxable wages, so the employer's FICA liability goes down.
Employee tax savings fund participation.
Employees' post-tax allotment savings help fund their participation and cover the program fees, so there are no out-of-pocket costs to the employer or employees.
Benefits are delivered.
Employees get preventive care benefits at no out-of-pocket cost to the employer or employees.
This is a tax savings, not a credit. Savings are realized each time you run payroll.
*Benefit availability and tax treatment are subject to employee eligibility, participation status, and applicable federal regulations. Not all employees will qualify for all benefits described. Benefits, contribution amounts, and coverage features may vary based on payroll structure, employment classification, hours worked, and plan administration. This material is for informational purposes only and does not constitute legal, tax, or accounting advice.
Exact paycheck effects depend on each employee's pay and the plan setup, and are reviewed with you by the program's advisors on the call.
What it looks like for an employee
An eligible employee is enrolled through a guided, digital onboarding process and joins a 30-minute onboarding Q&A. They can then use virtual care, prescriptions and the other benefits for themselves and, where the benefit allows, up to 7 more people in their household.
There's no utilization requirement. Employees can use the benefits as often as they need.
From discovery call to first payroll savings
Typical implementation runs about 4–6 weeks from the discovery call to first payroll savings. Typical times for each step are below.
| Step | What happens | Typical time |
|---|---|---|
| 1. Discovery call | You speak with a program advisor to go over the program | 20 minutes |
| 2. Submit payroll data | You send the requested payroll information | 1–2 weeks |
| 3. Review proposal | You review savings and employee eligibility | 4–5 days |
| 4. Sign engagement letter | You receive and sign the service agreement | 1–2 days |
| 5. Sign carrier paperwork | You receive and sign the insurance documents | 1–2 days |
| 6. Fill out census | You provide additional employee information | 3–5 days |
| 7. Onboarding town hall | A 30-minute onboarding Q&A for your employees, hosted by the program team | 2–4 days |
| 8. Savings start | The plan is live, savings are generated each payroll cycle, and benefits are active | 7–14 days |
20-minute call with a licensed program advisor from IronGate Business Advisors. No obligation.
The program is designed to comply with the Internal Revenue Code, including IRC §105(b), §106(a), §213(d), §125 and §104(a)(3), and with ERISA, HIPAA and ADA regulations.
We don't claim IRS approval. Have your own CPA or benefits counsel review the plan documents.