Section 125 Plan Form

Irs section 125 premium only plan pop enrollment form enrollment in the 125 pop allows active employees to reduce their taxable income by withholding certain qualifying benefit premiums before taxes.

Section 125 plan form.

If an employee makes the election before the start of the plan year and other 125 requirements are satisfied the employee s election of one or more qualified. A section 125 plan is called a cafeteria plan. Although most cafeteria plan documents include hipaa special enrollment rights under code section 9801 f many plans likely do not allow for a 60 day election period. These benefits can include health insurance child care adoption assistance life insurance and health savings accounts.

Pop section 125 enrollment authorization form. Services news download employee faq employer enrollment calendar. A 125 cafeteria plan is a written plan that allows employees to elect between permitted taxable benefits such as cash and certain qualified benefits. But the upkeep and compliance is often a burden.

This plan allows employees to choose to withhold pre tax salary to cover the cost of specific benefits or to choose between taxable and non taxable. Section 125 plan administration. A section 125 plan is a valuable tool for both you and your employees.