SPEND SMARTER. SAVE MORE.
Every year, Section 125 Cafeteria plans save employees and employers millions of dollars through pre-tax salary deductions to pay premiums for health insurance.
With health care costs continually on the rise, a Section 125 plan can not only enhance your employee benefits package it also offers payroll expense savings such as reducing cost on worker’s compensation premiums and more.
Who can participate in a Section 125 Plan?
Eligible employees of regular corporations, S corporations, LLCs/LLPs, sole proprietorships, and non-profits can all reduce taxes as part of an employer’s Section 125 plan.
Eligible Plans administered by The Payroll Factory-
Premium Only Plan (POP) allows employer-sponsored premium payments to be paid by the employee on a pretax basis. Coverage may include the following: Healthcare. Dental. Vision.
These plans are valuable and simple to set up!
As a Certified Cafeteria Plan Administrator, The Payroll Factory will ensure you are always compliant and reach maximum savings every year!?
In addition to applying the pre-tax saving plans to your payroll, we will also—
- Create custom IRS required Section 125 Plan Document and Written Plan Document
- Supply annual renewal packets
- 100% Account Management- We’ll help you maximize adoption, engagement and account optimization.
- Direct Employee Support
Contact us for a