FICA Savings Calculator
Use this calculator to see the projected annual FICA savings for your company based on employee count and estimated participation rate.
Employer FICA Recovery Estimate
Savings assumption: This PRELIMINARY ESTIMATE uses the standard WIMPER projection of $1,119.20 in annual employer FICA savings for most enrolled employees. Employee-level savings can be slightly lower above the applicable FICA wage-base cap. Employer totals depend on the census, wages, elections, participation, and payroll setup.
How the math works
The standard WIMPER projection is $1,119.20 in annual employer FICA savings for most enrolled W-2 employees. Employee-level savings can be slightly lower above the applicable FICA wage-base cap.
These projections use conservative mid-market participation assumptions and standard FICA rates. Your Verified ProForma will reflect actual payroll data, filing status, wage tiers, and benefits.
Citation: The 7.65% FICA reduction on qualifying Section 125 salary reductions rests on IRC §3121(a)(5)(G) (law.cornell.edu/uscode/text/26/3121) and IRS Publication 15 (irs.gov/forms-pubs/about-publication-15).
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