Section 125 Cafeteria Plans:
Did you know that premiums (including medical, dental, and group life insurance) paid by your employees through payroll deduction can be paid with tax deferred dollars?
Did you also know you and your employees can defer compensation towards the payment of out of pocket medical expenses not covered under your health plan for you, your spouse, and/or dependents?
You can also help employees who utilize child care services by allowing them the ability to defer "pre-tax" dollars towards payment of these fees.
- Employees benefit by paying less tax and taking home more pay
- Employers benefit by paying less payroll taxes
- Employers benefit by increasing the efficiency of payroll dollars…by getting more money into employees' take-home pay without having to increase their gross pay
- Employers also benefit because a Cafeteria Plan is the simplest and most economical form of flexible benefits that can be offered by a Plan Sponsor
When was the last time you, as the Employer, were able to provide your employees an appreciable increase in take-home pay without increasing costs…and actually save money?
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Employer Savings.
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Employee Savings.
