A Section 125 Premium Only Plan or "POP" allow employees to decide to set aside a portion of their pre-tax salary to pay for their insurance premium contribution for most employer-sponsored insurance plans, including HSA's, term insurance, and FSA's.
Sponsoring a Section 125 Premium Only Plan not only comes with benefits, but also documentation requirements.
At MoneyWise Solutions, Inc., we offer the expert help you need to stay in compliance and the first step is to keep these important documents up to date.
To be compliant, your 125 Cafeteria plan must have a 1) Plan Document 2) Summary Plan Description (SPD) and 3) Ongoing Compliance to ensure the plan is not biased towards higher earners.
Our fee is $75 per year for a complete set of documents. We also offer Discrimination Testing, for an additional $50 fee, to ensure your plan does not discriminate in favor of highly compensated employees. To get started, simply go to this LINK to fill out a Premium Only Setup Request form.
We appreciate your business! Call or e-mail Questions!
Sponsoring a Section 125 Premium Only Plan not only comes with benefits, but also documentation requirements.
At MoneyWise Solutions, Inc., we offer the expert help you need to stay in compliance and the first step is to keep these important documents up to date.
To be compliant, your 125 Cafeteria plan must have a 1) Plan Document 2) Summary Plan Description (SPD) and 3) Ongoing Compliance to ensure the plan is not biased towards higher earners.
Our fee is $75 per year for a complete set of documents. We also offer Discrimination Testing, for an additional $50 fee, to ensure your plan does not discriminate in favor of highly compensated employees. To get started, simply go to this LINK to fill out a Premium Only Setup Request form.
We appreciate your business! Call or e-mail Questions!
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