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Monthly Archives: June 2014

Helping Employers Administer a POP Plan

It only costs about $100 per employee each year to set up and administer a Section 125 POP plan according to the National Conference of State Legislatures (NCSL). There are endless companies that are willing to help businesses establish and maintain their POP plan, but few offer the level of service at the price that TaxFreePremiums does. Usually the cost of generating the appropriate documents for your cafeteria plan will cost at a minimum $250 and its not unheard of to be charged thousands of dollars. For $99 each year TaxFreePremiums will generate the initial POP document and keep it up to date with the newest legislature to ensure your compliance, and with the Affordable Care Act being enacted and changes to the Defense of Marriage Act being made there is always a chance that your documents may need to be amended. [read more...]

June 30th, 2014 • 0 Comments

Small Business and Benefits

Being a small business owner, you are always on the lookout for an advantage, whether cutting costs or expanding services you want ways to ensure stating power and keep cash flowing. One of your more pressing needs is to be certain that you are competitive when it comes to getting and keeping good workforce. Knowing what benefits you need to offer and what benefits you have the option of offering is absolutely necessary because you would like to be sure that you are always obeying the law while you take full advantage of these benefits as part of employee retention. [read more...]

June 23rd, 2014 • 0 Comments

3 Benefits of HSAs

Your employer knows that, generally, HSAs can be a good thing for employees, but what does it do for the business? Here are three things you can say that will help them pull the trigger and get it set up for you. [read more...]

June 20th, 2014 • 0 Comments

Cafeteria Plan Compliance and Changing Legislation

Employers with a Section 125 Cafeteria plan that isn’t based on the calendar year model should always plan this year for next year’s changes. If this is not done then the dollars that employees contribute this year could make an overage in 2015. [read more...]

June 13th, 2014 • 0 Comments

Keeping Compliant

All the benefits that come with offering a Section 125 Cafeteria Plan also come with a level of accountability as well. A large portion of the Section 125 of the IRC deals with the regulation of cafeteria plans, which allow employees to contribute a part of their paycheck to paying for group benefits without paying taxes, including the regulation of plans that  businesses need to be in compliance with to in order to avoid penalties. [read more...]

June 6th, 2014 • 0 Comments