SHRM All Things Work Answers to Financial Questions You're Too Shy to Ask HR
Dec 23, 2025
Brittany Fallon, a finance expert at SHRM, and Sherry Martel, a Total Rewards specialist, dive into the essentials of workplace financial benefits. They break down 401(k) vs. IRA distinctions and clarify the differences between HSAs and FSAs. Listeners learn how to maximize employer matching contributions and navigate health plans effectively. Brittany warns about penalties on early 401(k) withdrawals, while Sherry emphasizes the importance of financial education in HR. This engaging discussion helps demystify financial benefits and encourages proactive management.
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Choose HSA For Savings, FSA For Short Term
- Remember HSA = savings and FSA = spending to decide which fits your needs.
- Use an HSA for long-term medical savings and an FSA only for expenses you will incur that plan year.
Always Capture The Employer Match
- Check your plan's match formula and contribute at least the amount needed to get the full match.
- Treat employer matching as free compensation you should claim by contributing the required percentage.
Normalize Benefits Conversations
- Normalize benefits conversations and provide ongoing, judgment-free support year-round.
- Remind employees they can ask HR later, not only during onboarding, and offer repeated education.