Fringe Benefits Pool Project

Overview & FAQs

What is a fringe benefits pool?

Without a fringe benefits pool, departments/projects are charged fringe benefits expenses based on employees’ actual benefits selections for retirement, health insurance, etc. The fringe benefits pool concept calculates a blended rate for benefits costs which is applied to employees’ wages to account for fringe benefits expense at the departmental/project level.

What is the benefit of utilizing a fringe benefits pool?

The fringe benefits pool concept makes employee-related costs more consistent and predictable for departments/projects, simplifying the preparation and administration of budgets.

Will the utilization of a fringe benefits pool impact employees?

No, there will be no impact on employee pay or benefits.

What benefits are included in the fringe benefits rate?

• Insurance – health, life, and disability
• Retirement
• FICA
• Workers’ compensation
• Reemployment compensation
• Terminal leave payouts

How will this change be reflected on the ledgers?

For information on accounting changes, visit https://controller.vpfa.fsu.edu/fringe-benefits-pool.

Please see the Fringe Benefits Pool Implementation FAQs document for additional questions and answers.

Project Team/Contacts

The fringe benefits pool project team is comprised of representatives from the below offices.

• Budget Office - Katie Perkins, Chief Budget Officer (kperkins@fsu.edu)
• Controller's Office - Judd Enfinger, University Controller (jenfinger@fsu.edu)
• Information Technology Services
• Office of Human Resources - Christine Conley, Director of Benefits/Attendance & Leave (caconley@fsu.edu)
• Office of Research - Pam Ray, Senior Director of Sponsored Research Administration (pray2@fsu.edu)

Anticipated Project Timeline

• March/April – Fiscal year 2024-2025 budgets should be developed using the anticipated rates outlined below. The Budget Office will conduct training sessions and provide assistance to department budget representatives during the Adaptive Planning budgeting process. Visit https://budget.fsu.edu/annual-operating-budget-information for details.
• March/April – The Office of Research will communicate changes impacting sponsored projects.
• Prior to July – The Controller’s Office will communicate changes impacting general ledger accounts used to record wage and fringe benefits expenses.
• July – New fringe benefits process is active for payroll A. The new pool rates will also be applied to any retroactive pay or changes processed in 2024-2025.

Approved 2024-2025 Fringe Benefits Pool Rates

The rates below have been approved by the United States Department of Health and Human Sciences (DHHS).