December 2024
US Reward Newsletter

For Your Wealth

Flexible Spending Accounts | Use It or Lose It!

Don’t let your FSA funds go to waste! Remember, Health Care and Dependent Day Care Flexible Spending Account balances won’t carry over into the New Year, so make the most of your 2024 funds before they’re gone!

And one quick tip: Hang on to those receipts! The IRS requires you to keep any documentation for FSA reimbursements.

401(k) Basics | 2025 IRS Limits

The IRS has announced new 401(k) limits for 2025, giving you even more opportunity to boost your savings. You can make both pre-tax and Roth contributions to your 401(k) throughout the year, with no limits on after-tax contributions. And remember, Pearson’s contributions don’t count toward your annual limits.

2025 Annual Limits:

  • Contribution Limit: $23,500
  • Compensation Limit: $350,000
  • Catch-Up Contributions:
    • Age 50+: If you turn age 50 any time in 2025, you can contribute an additional $7,500
    • Ages 60 to 63: New for 2025! Employees who reach age 60 to 63 in 2025 can contribute an additional $11,250!
    • While these contributions aren’t eligible for the employer match, they’re a fantastic way to add to your retirement savings

Ready to increase your contributions? Visit Empower online or give them a call at 1-844-465-4455 to maximize your savings for 2025!

Annual Compensation Review | Check Your Data

During the Annual Compensation Review process, we want to ensure that all salary adjustments and bonuses are awarded accurately and on time. To make this successful, spend a few minutes reviewing and correcting (if necessary) your data. The system will be open from November 4; for more details read the 2025 Annual Compensation Review.

For Your Life

Pearson Global WELL | Wellbeing for All

Pearson Global WELL powered by Unmind is a free wellbeing, digital therapy, and coaching platform designed by psychologists to help us understand and improve our wellbeing. It is available to all employees and completely confidential. Key features include:
  • 12 free, one-on-one therapy/coaching sessions per employee per year
  • More than 70 interactive courses to explore personal growth areas or overcome challenges
  • Resources to empower people leaders and so much more!

You’ll need your Employee ID to register for the platform. You can find your Employee ID by visiting the Hub > Fusion HR > Personal Info > Employment Info. Your personal number is your Employee ID.

Accessing the Unmind Platform:
  • Desktop: Navigate to the platform using the URL: https://Pearson.unmind.com/signup
  • Mobile Device: Visit the app store of your mobile device and download Unmind
  • Enter Pearson as your Company Name
  • Create an account using your Employee ID and create a password
  • Select your work department and location

Visit the Wellbeing page of the hub for more information.

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Benefits Archive
Disclaimer

© 2024 Pearson. All rights reserved.

The information in this document is provided for your general information only and is no way a guarantee or contract of employment. All benefits are governed by rules and policies as set out in their respective policy documents, contracts and agreements. If there is any discrepancy between the information in this document and the policy documents, the policy documents shall prevail.

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