Home Contact Login

Compliance Blog

Did you Know?

Annual Non-Discrimination Testing is included in all your testing software at no additional cost.

Learn More

Monthly Archives: September 2010

Section 125 Cafeteria Plans – What’s Nondiscrimination?

A Section 125 Cafeteria Plan allows an employer to provide a range of health and dependent care benefits to employees on a pre-tax basis.  That is, the employee’s premiums for various insurance coverage are deducted from his taxable income, thereby lowering his Federal withholding, FICA tax, and Medicare taxes.  The employer saves on his share of those taxes, too, and that’s what makes cafeteria plans so attractive. [read more...]

September 28th, 2010 • 0 Comments

Is Your Cafeteria Plan Document Up to Date?

Section 125 plans are a great benefit for you and your employees.  However, like anything else associated with the IRS and taxes, there are rules to be followed.  You have a Cafeteria Plan document to govern your benefits.  But how long has it been since you looked at it?  If it’s been sitting in a file cabinet or gathering dust in a desk drawer, it’s time to get it out and take a look. [read more...]

September 28th, 2010 • 0 Comments