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Financial Advice for Pluralsight Employees

Pluralsight Benefits

(Benefits program as of 2019)

401(k)

Overview:

  • Provided by Fidelity

  • Traditional (pre-tax) and Roth (after-tax) options both available immediately following hire

  • Eligible for 50% company match up to 6% salary contribution

  • Matching contribution is 100% vested immediately

  • Can contribute up to $19,000 to your 401(k) in 2019 (plus $6,000 more if you are age 50 or older)

I Will Help You:

  • Figure out whether you should make Traditional (pre-tax) or Roth (after-tax contributions).

  • Calculate what percentage of your income should you contribute to your 401(k) to be on track for retirement and your other financial goals

  • Lower the fees you’re paying on your 401(k) investments

  • Construct a globally diversified portfolio using the investment options offered to you through Fidelity


Restricted Stock Units (RSU’s)

Overview:

All employees at Pluralsight are granted shares of Restricted Stock Units, also known as RSU’s. Depending on your position and role in the company, you may have been granted shares that are valued in the tens of thousands to the hundreds of thousands of dollars.

What you do with that money could have a huge impact on your financial future. Need a quick reminder of what your Pluralsight RSU’s are valued at right now? Just enter the value of your unvested shares here:

I Will Help You:

  • Set up a forward-looking schedule of when your shares will vest, and create a plan on how to use the money

  • Decide when to sell: the decision of holding on to Pluralsight stock vs. diversifying your portfolio elsewhere

  • Offset the taxes you would otherwise have to pay when your RSU’s vest

  • Minimize the capital gains taxes you pay on your Pluralsight stock shares

  • Make other tax planning moves elsewhere in your life to lower the tax impact of vesting and selling shares

  • Create a plan on how you’re going to use this extra money to balance spending now vs. savings towards financial independence, retiring early, or saving up for a home


Employee Stock Purchase Plan (ESPP)

Overview:

When Pluralsight went public in May 2018, they created an initial 2-year plan to provide employees the opportunity to purchase additional shares of Pluralsight (PS) company stock at a discount through an Employee Stock Purchase Plan (ESPP).

  • Purchase up to $25,000 worth of Pluralsight stock shares during every 6-month purchase period

  • Purchase at $12.75/share (85% of IPO price of $15/share), or 85% of stock’s price on last day of 6-month purchase period, whichever is lower

Want to reference the current “built-in profit” you’d get if you bought the ESPP shares today? Enter in how much you’re contributing to the ESPP per paycheck here: (it’s assumed you’re a salaried employee)

I Will Help You:

  • Structure your cash flow and budget so that you can put more money toward the ESPP

  • Decide when to sell: the decision of holding on to Pluralsight stock vs. diversifying your portfolio elsewhere

  • Minimize the capital gains taxes you pay on your Pluralsight stock shares

  • Make other tax planning moves elsewhere in your life to lower the tax impact of selling shares

  • Create a plan on how you’re going to use this extra money to balance spending now vs. savings towards financial independence, retiring early, or saving up for a home


Health Insurance, HSA’s, and FSA’s

Overview:

Pluralsight pays 100% of the premiums for your medical insurance through United Healthcare. Two plan options are offered:

  1. UHC PPO Plan with a lower deductible and access to Flex Spending Accounts (FSA’s) for Healthcare and Child/Dependent Care.

  2. UHC H.S.A. Compatible PPO Plan with a higher deductible and access to a Health Savings Account (HSA). With this option, Pluralsight will also contribute $500/year into your account for an individual, $1,000/year for a family.

I Will Help You:

  • Choose the best health insurance plan based on your anticipated medical needs

  • Optimize the use of the FSA for tax deductions or credits, especially if you pay for childcare/daycare

  • Leverage your HSA contributions to fund the best investment account for retirement planning

  • Use these accounts to help offset the taxes from your vested RSU’s and sold ESPP shares


Life Insurance

Overview:

Pluralsight provides a complimentary life insurance death benefit of 2x your salary (up to $500k max).

You can then opt into purchasing more coverage in:

  • $10,000 increments up to $500,000 for coverage on yourself as the employee

  • $5,000 increments up to the lesser of 50% of the coverage on yourself or $250,000 on your spouse’s life

  • $2,000 increments up to the lesser of 50% of the coverage on yourself or $10,000 on your child(ren)

I Will Help You:

  • Identify your needed coverage amounts

  • Weigh the pros and cons of purchasing more coverage through Pluralsight’s group plan or with an individual policy from an insurance company

  • Get referred (if needed and requested) to a place where you can get the correct amount and type of life insurance at a competitive rate


Disability Insurance

Pluralsight provides a complimentary life insurance death benefit of 2x your salary (up to $500k max).