A Section 125 Plan helps employers maximize tax-saving opportunities. It is the cornerstone of any health and welfare benefit program. We have established a quality reputation with employers nationwide as a true partner with their industries.
What is a Section 125 Plan?
Under a Section 125 Plan, employees may deduct qualified insurance premiums on a pre-tax basis from wages. They may also set aside pre-tax funds for reimbursement accounts. This allows employers to enhance their benefit package. At the same time, their employees save money, even possibly increasing their take-home pay.
Advantages for Employers
Reduce tax (FICA and FUTA) expenses on pre-tax benefits
Increase employer’s ability to attract and retain quality employees
Employee education about the benefit plans the employer offers
How We Can Help
Help properly implement and maintain the Section 125 Plan
Ongoing service through the plan year
Help ensure compliance with our compliance support team