SERVICE 125 CAFETERIA PLANS
The
Cafeteria Plan is a Flexible Employee Benefit Plan that
enables employees to choose from a menu of certain fringe
benefits and reimburses for those benefits with pre-tax
dollars.
Section
125 Cafeteria Flexible Spending Accounts and Premium Only
Accounts are designed to give both the employer and the
employees the opportunity to save money by offering a tax
break. Our services include employee meetings, monthly or
weekly reimbursements, plan documents and discrimination
testing. We can assist in making this benefit program effortless
from start to finish.
SERVICES OFFERED
• |
Premium
Only Plans |
• |
Full
Administration Services |
• |
Employee
Education and Enrollment |
• |
Toll
Free Customer Service |
ADVANTAGES OF A CAFETERIA PLAN TO EMPLOYEES
• |
Benefits
purchased with pre-tax dollars |
• |
Employees
save tax dollars and increase their “take-home”
pay |
• |
Employees
enjoy the flexibility of choice in customizing their
benefit plan. |
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|
ADVANTAGES OF A CAFETERIA PLAN TO EMPLOYERS
• |
Thorough
planning and management can positively effect the
bottom line. |
• |
Increased
employee morale and retention rate with expanded employee
benefits program. |
• |
Employers
save on the employer portion of FICA, FUTA, SUTA and
Workers' Compensation premiums |
|
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