Is Your IRS Section 125 Plan Truly Compliant and Cost-Effective?
Employers moment face the binary challenge of furnishing competitive benefits while controlling costs. One result numerous companies calculate on is an IRS Section 125 plan, generally known as a cafeteria plan. At the heart of these plans is the Section 125 health plan, which allows workers to pay for health insurance decorations and other eligible benefits withpre-tax bones. While these plans can deliver significant savings and duty advantages, they must be precisely designed and maintained to be both biddable and cost-effective.
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