Maximize Savings with Expert Section 125 Plan Guidance Today!
Unlock payroll tax savings and enhance employee wellness with our Section 125 plan. All without affecting your group health. $0 Out-Of-Pocket fees or costs.
Optimize Employee Benefits with Reduced FICA Taxes
After the administrative fee, employers typically realize an average net savings of $900 per enrolled employee annually. Employees can expect to see an average increase of $1,000 in their net revenue each year. This increase functions similarly to a salary raise, as the FICA savings are reflected in their paychecks.
We Are One Of The Largest Third Party Administrators For The Section 125 Program
We manage Section 125 Plans, ensuring compliance and maximizing tax savings through careful plan design and testing.
Serving a wide spectrum of clients, such as small and large employers, government, manufacturing, healthcare providers, and various organizations.
21+ Years Of Experience
50+ Experts Team
20k+ Projects Completed
Employee Wellness Tools
What benefits are included in section 125? Employees will have access to free 24/7 telemedicine consultations with board-certified physicians for their entire family, which significantly lowers a company’s healthcare cost chargebacks and reduces downtime. Employee retention plagues most businesses. Also including, access to hundreds of free prescription drugs, preventative screenings, mental health counseling services, and much more. Plus, instantly lowering payroll taxes without making any changes to existing benefits solutions.
Personal Health Dashboard
Our Section 125 Plan allows employees to participate in a preventative health program that complements your existing group health plan. This initiative aims to reduce downtime, minimize sick days, and enhance overall health with zero out-of-pocket costs for the employer and employee.
Lower Taxes Healthier Employees
There are no out-of-pocket expenses for either the employee or the employer. A nominal administrative fee is applied to manage the program and ensure compliance with Section 125 regulations. This fee is collected from the employer’s FICA savings each pay period, meaning there are no direct costs incurred.
Testimonials
Retail Chain
Our national retail chain has 280 store locations and 2,400 full-time benefit-eligible employees in a diverse population including retail outlets, distribution centers, and headquarters.
You have been our chosen wellness provider since 2011.
With your help and guidance, we provide health screenings at our headquarters and distribution center locations, onsite MDs and education for some locations, incentive tracking and integration with our HR enrollment systems, and predictive modeling of our health risks.
Their predictive modeling helps us understand risks by division and across our culture and has helped sculpt our approach to engagement with our rewards program.
The program and challenges help us keep our associates on track with their health and wellness engagement and education.
We have been able to adjust the program over time to accommodate our very diverse population and ever-changing needs.
Hospital System
Our hospital system has worked with your organization since 2015 and we couldn’t be more pleased with the partnership and the results.
Since program inception, the staff and processes have helped us measure and manage risk in our employee population.
The program started with our main campus but has now expanded to almost all of our affiliate campuses which includes 6 hospitals and related clinics and almost 15,000 employees of very diverse population.
As a hospital, it is important to operate with clinical efficacy since many of our employees are clinicians, providers, technicians and scientists and are particular about health data and approaches.
Not only do we use the PredictiMed™ Program to measure and monitor health, but we have integrated our own education into the PHD™ and our health coaches and disease managers use the CoachTracker to record and manage their encounters.
Over the last three years, our Financial Health Risk Burden across our population has been reduced by 10.99%.
Regional Insurance Broker
You have worked with our company since March of 2008, initially serving our employees as a wellness provider, utilizing the Personal Health Dashboard™, predictive modeling, Wholeistic™ Coaching, and biometrics.
We have achieved and been recognized with the highest industry honors by many external organizations for its wellness programs and culture, and your organization has been a significant part of that process.
Since inception, the strategy has been to develop unique combinations of insurance and wellness to our clients. We have primarily been a property and causality broker, as well as small group benefits with fully insured carriers.
In 2017, a strategy was hatched to bring unique self-funded arrangements based on risk to the marketplace, and that has resulted in the development of a new and robust health plan offering that is getting great acceptance in the market.
Your organization has been a foundational member of the development team because of its ability to span the care continuum from risk identification and care compliance, as well as participation engagement and management.
FAQs
Get Answers to Your Top Tax-Saving Questions about Section 125 Plans Here!
What is a Section 125 Plan?
A Section 125 Plan, often called a Cafeteria Plan, allows employees to use pre-tax dollars for eligible expenses, reducing overall taxable income.
How does implementing a Section 125 Plan benefit my company?
Implementing a Section 125 Plan reduces payroll taxes and enhances your benefits package, making it attractive to employees.
Are all businesses eligible to set up a Section 125 Plan?
Most businesses, including non-profits and for-profit entities, are eligible to establish a Section 125 Plan. There are specific guidelines that need to be followed, which we can help you navigate.
What are the risks of not complying with IRS requirements for Cafeteria Plans
Non-compliance can lead to plan disqualification, retroactive taxation of benefits, penalties, and interest
Can Section 125 Plans be offered to part-time employees?
Yes, part-time employees can participate in Section 125 Plans, but employers can set eligibility criteria, which might require employees to work a minimum number of hours or service days.
How can I update or modify my existing Section 125 Plan?
Plans can be updated or modified to adapt to changes in company structure, employee needs, or updated IRS regulations. We offer consulting services to review and modify your plan to keep it compliant and effective.
Section 125 Qualification
>> Improve Employee Health
>> Improve Employee Benefits
>> Reduce Employee Taxes
>> Enhance Take Home Pay
>> Increase Employer Profits