Industry Essentials
This tax-advantaged account allows participants to save for medical expenses and can earn interest.
What is HSA — Health Savings Account?
This unique nine-digit number is assigned by the IRS to U.S. business entities.
What is EIN — Employer Identification Number?
This account typically follows “use it or lose it” rules unless a grace period or carryover applies.
What is FSA — Flexible Spending Account?
This Alegeus employee famously has a Captain America shield in his office.
Who is Leif?
This ERG supports employees beginning their professional journey.
What is the Early Career ERG?
This fraud-prevention measure is required by the USA Patriot Act & Bank Secrecy Act to verify customer identities.
What is CIP — Customer Identification Program?
This four-digit number classifies businesses and determines if transactions qualify as medical expenses.
What is MCC — Merchant Category Code?
This optional HSA feature must be enabled at multiple levels to increase interest.
What is High Yield?
This employee trains in MMA fighting outside of work.
Who is Bry?
Seeking help or guidance from a more seasoned colleague.
What is mentorship?
This notional account is funded entirely by employers to reimburse employee medical expenses.
What is HRA — Health Reimbursement Arrangement?
The first 4–6 digits of a payment card that identifies the issuing institution.
What is BIN — Bank Identification Number?
This extension allows participants to continue incurring expenses into the new year.
What is a Grace Period?
These three Alegeus employees reside in Canada.
Who are Richard Gratton, Maher, and Brianna?
Setting measurable yearly objectives aligns with this framework.
What are SMART goals — Specific, Measurable, Achievable, Relevant, Time-bound?
A key profitability metric that excludes interest, taxes, depreciation, and amortization.
What is EBITDA — Earnings Before Interest, Taxes, Depreciation, and Amortization?
This evaluates applicants against lists of known or suspected terrorists.
What is OFAC — Office of Foreign Assets Control screening?
These unused funds are returned to the plan and reintegrated into the financial structure.
What are Forfeited Funds?
This employee is known for an entire wall of guitars at home.
Who is Duke Janssen?
A recurring meeting with your manager to discuss updates and priorities.
What is a 1:1?
This system automates customer service and helps deflect calls from live agents.
What is IVR — Interactive Voice Response?
This CIP component compares applicant demographic information to public records.
What is IDV — Identity Verification?
This type of transaction reverses prior activity and restores financial balance.
What are Refunds?
This team member competes in roller derby at high speed.
Who is Sara D?
The belief that abilities can grow with learning and experience.
What is a growth mindset?