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Monthly Archives: January 2011

Section 125 Premium Only Plan (POP) – Implementation and Compliance

Few people would argue that a Section 125 Premium Only Plan is a great way of realizing substantial tax savings not just for employees but employers as well. This is because a Section 125 POP gives employees the opportunity to contribute to their insurance coverage on a pre-tax rather than an after-tax basis. Under such a scheme, both employers and employees get to pay lesser taxes. [read more...]

January 28th, 2011 • 1 Comment

Am I, as an employer, required to have a Premium Only Plan?

Many employers find themselves wondering if they are required to have an IRS Section 125 Cafeteria Plan. We recommend that you have a Cafeteria Plan for the benefit you and your employees. Companies and their employees can realize the tax savings available through IRS Section 125 Cafeteria Plans. [read more...]

January 15th, 2011 • 0 Comments