EBRI study: 4 in 10 FSA holders forfeited unused funds in 2024, averaging $404
Key points
- A study of more than 3.3 million accounts found 4 in 10 FSA holders forfeited unused funds in 2024
- The average forfeiture was $404, down from $436 in 2023, the lowest inflation-adjusted figure since tracking began in 2019
- About 89% of participants took at least one distribution averaging $1,503; average annual contributions were $1,431, up from $1,413
An Employee Benefit Research Institute study of more than 3.3 million accounts found only 4 in 10 FSA holders forfeited unused funds in 2024, averaging $404, down from $436 in 2023 and the lowest inflation-adjusted figure since tracking began in 2019. About 89% took at least one distribution averaging $1,503. Average contributions rose to $1,431 from $1,413.
Original report: AOL.ca ↗Edited with AI assistance. Facts are based on official sources and original reports. For information only; not legal, immigration or insurance advice.