Financial Advisor Reimbursement Form
- Why is the University offering a financial advisor reimbursement program?
In accordance with best practice, USF no longer offers complimentary financial services from a single advisor. Effective January 1, 2015, benefits-eligible faculty and staff may be reimbursed up to $200.00 per calendar year for consulting services from a financial advisor of their choice. This is a taxable benefit.
- What type of services are eligible for reimbursement?
Benefits-eligible faculty and staff can seek professional assistance from a financial advisor of their choice regarding financial objectives that include tax planning, asset allocation, risk management, retirement planning, and/or estate planning.
- How much will I be reimbursed?
The amount reimbursed will not exceed $200.00 per calendar year. This is a taxable benefit.
- Who is eligible to receive this reimbursement?
All benefits-eligible faculty and staff are eligible to receive this financial advisor reimbursement.
- How do I submit a reimbursement form?
First, submit an online Financial Advisor Reimbursement Form. Additionally, submit the supplemental materials described in question six via email to email@example.com or in person to Human Resources in Lone Mountain Main 339.
- Do I need to include an invoice with my reimbursement form?
Yes. In addition to completing the reimbursement form, include a copy of the invoice from the financial advisor with the following information: financial advisor’s name and/or company, date of service, and dollar amount paid for the consultation.
- When can I submit my reimbursement form?
All supporting documents must be submitted to firstname.lastname@example.org or Human Resources in Lone Mountain Main 339 within 60 days of the invoice date to be eligible for reimbursement.
- How will I receive my reimbursement?
Reimbursements will be added to regular paychecks and taxed accordingly.
- How long with it take to process my reimbursement form?
Please allow 2 to 3 payroll cycles from the date that forms are submitted to receive a reimbursement.
- How often can I see a financial advisor?
There is no limit to the number of times that financial advisor services may be used. However, USF will only reimburse up to $200.00 per calendar year for these services. This is a taxable benefit.
- Is this an annual benefit?
Yes. Each calendar year from January 1 through December 31, USF will reimburse benefits-eligible faculty and staff up to $200.00 for financial advisor services. This is a taxable benefit.
- Can USF assist with providing a financial advisor?
No. USF cannot endorse any particular financial advisor or organization. However, as a reminder, employees can also meet with representatives from USF’s retirement plan providers, TIAA or Fidelity, on-campus or over the phone for free, one-hour individual consultations. Otherwise, a financial advisor’s credentials and background should be carefully reviewed before engaging their services. Below are some websites that may assist with finding a financial advisor: