Total Compensation Statement

Please note, this statement is not a regulatory or tax document and should not be used for income tax preparation. Employees need to use information found in their W-2 to complete their tax returns.

University Human Resources prepares an annual total compensation statement for benefit-eligible employees. The total compensation statement shows the value of the compensation and benefits package you receive as a valued employee. It is a personalized and confidential statement.

Statements are emailed from [[AskHR]] to your William & Mary email address as a PDF attachment with the subject, "Your 202x Total Compensation Statement".

The PDF is password-protected; to open the PDF, enter your Banner ID number (starting with 93).

Frequently Asked Questions (FAQ)

Frequently Asked Questions (FAQ) table
What is a total compensation statement? The total compensation statement is an overview of your total compensation package, which includes your pay and benefits provided by the university.
Why doesn't my statement match my W-2 or my paystub? The total compensation statement is not a regulatory or tax document and should not be used for income tax preparation. The total compensation statement is intended to be a summary of the benefits, options, and opportunities afforded to employees for informational purposes only.
What is included and not included? The total compensation statement excludes taxes (federal, state, local, Social Security, and Medicare) and excludes certain deductions and pay, such as earnings from student jobs, parking fees, and child support. The statement includes the following compensation items: Regular Pay/Paid Time Off: Regular pay from primary and secondary jobs Worker's compensation, as needed Annual leave Community service leave Family/Personal leave Holiday leave Parental leave Recognition leave Sabbaticals, if eligible Sick leave: 64 to 120 hours, depending on years of service and leave plan Additional Compensation: Adjunct assignments Awards Bonuses Car stipend Cell phone stipend Moving and relocation Other hourly jobs Overload teaching Overtime/Compensatory time Pre-major advising PSA (Professional Service Agreement) Summer research/teaching Temporary/Acting assignments Retirement Benefits: VRS (Virginia Retirement System) Plan 1, 2, or Hybrid ORP (Optional Retirement Plan) 1 or 2 401(a) Cash Match Plan: up to $480 per year 403(b) Tax Deferred Savings Plan 403(b) Roth Savings Plan 457 Deferred Compensation Plan 457 Roth Savings Plan Health & Wellness: Dental insurance EAP (Employee Assistance Program) Flexible dependent care spending Flexible medical care spending Group life insurance: 2x current salary Health insurance: 5 available options Optional life insurance: coverage for spouse and children Retiree health insurance credit Vision insurance Disability Benefits: Short-term disability Long-term disability Additional W&M Benefits: No-Cost Benefits: Bee McLeod Recreation Center: access to facilities and equipment CAPTRUST: access to financial advisement Colonial Williamsburg Collegiate Pass LinkedIn Learning: access to free online training courses for work and leisure McCormack-Nagelson Tennis Center: free membership for faculty and staff Microsoft Office 365 Organizational memberships in disciplines and professional associations, subject to funding Swem Libraries and subscriptions: Ancestry.com, Chronicle of Higher Education, Consumer Reports, The New York Times, Wall Street Journal, and many others TimelyCare: access to virtual wellness assistance Voluntary Benefits: AFLAC (American Family Life Assurance Company) Long-term care (direct bill to employee) Legal Resources Great Deals and Discounts: Campus Child Care: preferential application category On-Campus Dining: $8.00 plus tax per meal for employees at the Sadler Center Dining Hall and the Commons with Tribe Card Membership discounts: CommonHealth Wellness Program and Weight Watchers W&M Spirit Shop & Bookstore: 10% off purchase with Tribe Card

Frequently Asked Questions (FAQ)

What is a total compensation statement?

Why doesn't my statement match my W-2 or my paystub?

What is included and not included?