KNOWLEDGE BASE
What benefit deductions can I select with U.S. Bank Payroll?
We make it easy to include benefit deductions in your payroll. Here's what to know about benefits:
- Benefit deductions take money from an employee’s paycheck to pay for employer sponsored benefits.
- Payroll collects employee contributions, and the employer sends those funds to the benefit provider.
- Pay stubs, payroll reports, and year‑end tax forms show both employee and employer contributions for transparency and compliance.
- These deductions may be taken before or after taxes, which impacts take-home pay and tax savings.
- See also: How to add and manage benefit deductions for U.S. Bank Payroll.
Note, U.S. Bank does not offer benefit plans. We only handle payroll deductions. You must set up and manage your own benefit plans outside of U.S. Bank. We also cannot help you pick a benefit provider.
Here are the options you can select from:
Health
| Medical insurance | Dental insurance | Vision insurance | Health savings account |
| Health FSA | Dependent care FSA | Group-term life insurance | Short term disability (post-tax) |
| Short term disability (post-tax imputed) | Long term disability (post-tax) | Long term disability (post-tax imputed) | Short term disability (pre-tax) |
| Long term disability (pre-tax) | Voluntary short term disability (post-tax) | Voluntary long term disability (post-tax) | Voluntary life (post-tax) |
Savings and retirement
| SIMPLE IRA | SIMPLE IRS (Non-elective) | Roth 401(k) | Roth 403(b) |
| SEP-IRA | SARSEP |
Transportation
| Commuter benefits (pre-tax) | Personal use of company car | Commuter parking | Commuter transit |
Other
| 529 colleges savings | Other (taxable) | Cell phone (taxable) | Gym and fitness (taxable) |
| Housing (taxable) | Wellness (taxable) |
More information
- Each benefit deduction shows up as its own line on the employee’s pay stub and in payroll reports.
- When needed, the contributions also show up on year‑end tax forms.
- If a deduction is set up incorrectly, you may need to adjust payroll.
- To adjust a prior payroll give us a call at 877-685-5760. We’re here to help Monday to Friday 6 a.m. to 11 p.m. and Saturday 7 a.m. to 7 p.m. CT.
- After you set up benefit deductions, the system automatically applies them to each payroll run.
- If an employee’s benefit amount changes during the year, the new amount applies to all future payrolls.