Fringe Benefits

Fringe benefits for employees on a sponsored project are considered direct costs and should be budgeted as shown below:

Faculty and Staff

To determine the cost of fringe benefits to a grant, two methods may be used for benefits eligible employees in academic and nonacademic units (faculty and staff):

1. The estimated rate of 35% as published by TWU's Finance and Administration Budget Office should be applied to the annual base salary. This rate would include all fringe benefits such as FICA, health insurance, retirement, etc.
2. 17% of salary or wages (for FICA, retirement, etc.) plus actual health insurance rates (Health Insurance Rates - FY 2023. ORSP can assist in determining the actual amounts for specific employees.  

Students and Hourly Employees

1. 7.65% of wages for FICA (FICA will not be charged for full-time students).
2. Health insurance may be included in the budget under certain circumstances for graduate assistants working at least .50 FTE. This insurance may be estimated @ $315 per month or using the actual costs of health insurance for an individual.