Dependent Care Flexible Spending Account

A Dependent Care Flexible Spending Account (FSA) helps you pay for eligible child and adult care expenses with pre-tax dollars. The funds can be used for care that is necessary for you and your spouse to work or attend school full-time. Eligible expenses can include:

• Day care inside or outside your home for children under age 13, or any age, if disabled.

• Tuition for pre-school, day camp, or before- and after-school programs for children under age 13.

• Day care for a disabled dependent or parent who lives with you at least eight hours a day and who you claim on your income tax return.

This account offers a key tax advantage: money you contribute is pre-tax, which can reduce your taxable income. When you use the funds for qualified expenses, the withdrawals are also tax-free.

Tax advantages described here are for federal income tax purposes only. State income tax treatment of contributions and earnings may vary. Check with your tax advisor for more information.

• Eligibility

  You don't need to be enrolled in an Iron Mountain medical plan to be eligible for a Dependent Care FSA. All full-time Mountaineers are eligible to enroll in a Dependent Care FSA. If you’re married, both you and your spouse must either be working, a full-time student, actively looking for work or incapable of self-care.

• How it works

  Contribute

  Elect your contribution amount annually during Open Enrollment. You can only make changes during the year if you experience a qualifying life event.

  Contribution limits: You can save up to $7,500 per year if you are married and filing jointly (or $3,750 if you are single or married but filing separately).

  Highly compensated employees: If you are a highly compensated employee (HCE), your annual maximum contribution is $1,700. The IRS defines an HCE as someone who earned $160,000 or more in 2025.

  Use-it-or-lose-it rule: This is a "use-it-or-lose-it" account. You must incur eligible expenses by March 15th of the following plan year and submit your claims to the administrator by March 31st. Any funds not claimed by this deadline will be forfeited.

  Pay

  Use your Dependent Care FSA to pay for eligible child or elder care expenses. To be reimbursed for your expenses, you must submit a claim online at netbenefits.com. Always save your itemized receipts as they are required to verify your claims.
  For 2025 claims, submit your claims online at netbenefits.com.

  
  

  Spend

  Funds can be used only for eligible child or elder care expenses incurred by March 15, but you have until March 31 to submit claims to the claims administrator.*

  For 2025 plan year balances:

  Claims Incurred	Deadline to Submit Claims to Fidelity
  January 1, 2025 – March 15, 2026	March 31, 2026

  For 2026 plan year balances:

  Claims Incurred	Deadline to Submit Claims to Fidelity
  January 1, 2026 – March 15, 2027	March 31, 2027

  *If you leave Iron Mountain, you are subject to the same deadline to submit claims, however, the claims must be incurred prior to your termination date.

For more information, contact Fidelity at 833-299-5089.