Frequently Asked Questions

How is a Dependent Care Flexible Spending Account different from a Health Care Flexible Spending Account?

Health Care and Dependent Care Flexible Spending Accounts (FSAs) are similar as both are tax-advantaged accounts employees can contribute to annually; however, the purpose of the funds is different. Health Care FSAs are used for eligible health care expenses (for example, medical, prescription, dental, vision).

Dependent Care FSAs are used for care for children under age 13 before and after school, as well as for daycare and summer camp. These accounts can also be used for dependents over age 13 who are incapable of self-care (see Internal Revenue Service guidelines).

What is the maximum contribution into a Dependent Care Flexible Spending Account?

According to 2023 Internal Revenue Service guidelines, families can contribute up to $5,000 annually. This amount includes both employer and employee contributions.

What if I am already contributing the annual maximum of $5,000 to a Dependent Care Flexible Spending Account?

If you’re currently contributing the annual maximum of $5,000 to a Dependent Care FSA, your account will be automatically adjusted to reduce your employee contribution to $4,000, and the $1,000 Rockwell matching contribution will be added to your account. Adjustments to your payroll deductions will be made as soon as administratively possible. Here are some contribution examples:

I’m contributing $1,500.  In this case, we’ll add the $1,000 Rockwell Matching contribution. Additionally, you can call to change your election.

I’m contributing $4,500. In this case, we’ll automatically decrease your employee contribution to $4,000 and add the $1,000 Rockwell Matching contribution.  Additionally, you can call to change your election.

Please note: Your elections have been adjusted only when the IRS requires it due to you hitting the $5,000 IRS Maximum with the addition of the $1,000 Rockwell Matching contribution.

If you do not wish to receive the Rockwell contribution, contact the Rockwell Alight Service Center to opt out at 1.877.687.7272.

When will I see the employer contribution in my Dependent Care Flexible Spending Account?

The Rockwell matching contribution will be added to eligible accounts as soon as administratively possible upon election. For those who are currently contributing the annual maximum of $5,000, your account will be automatically adjusted to reduce your employee contribution to $4,000, and the $1,000 Rockwell matching contribution will be added to your account.

What happens if I don’t spend the full amount in my Dependent Care Flexible Spending Account during the calendar year?

Dependent Care FSAs are “use it or lose it” accounts, so individuals should be thoughtful with their annual elections in relation to eligible annual expenses. Only dependent care costs incurred during the calendar year the FSA is elected are eligible (i.e., only 2023 dependent care costs qualify for the 2023 Dependent Care FSA funds).

 Will this Rockwell contribution be offered in future years?

Rockwell intends to continue offering this company contribution annually. However, Rockwell reserves the right to terminate, suspend, or amend this benefit at any time and for any reason.

I still have questions about the employer contribution to a Dependent Care Flexible Spending Account. Who can I contact?

If you have questions, please contact to the Rockwell Alight Service Center at 1.877.687.7272.