Flex/125 Plans

Flexible Spending Account (also known as Cafeteria, Flex, or Section 125 plan) allows employees to set aside a certain amount of each paycheck into an account, pre tax. During the year, the participants use this account for reimbursement of expenses not covered by insurance.

Summary of Advantages:

  • Save payroll/FICA taxes
  • Cushion rate increases
  • Increase take-home pay for employees
  • Allow employees to offset the high cost of medical and child care

Our professionals assist you with:

  • Plan Documents
  • Nondiscrimination testing
  • IRS filings (if required)
  • Forfeiture reporting
  • Eligibility issues
  • Enrollment meetings for employees
  • Claim adjudication
  • Check or direct deposit
  • Daily claim processing
  • Employee statements and notices

Contact us for more information.

Section(§)125 Plans are individually designed based on client needs often resulting in cost savings.