October 26, 2015

Cafeteria Plans: How to Handle Participant Contributions

Employees are given the opportunity to select the benefits they want, just like an individual standing in the cafeteria line at lunch. Read more...
September 14, 2015

Simplifying the Administration of Cafeteria Plan Election Changes

Election change requests are the most rule-centric item encountered in the day-to-day administration of a cafeteria plan. Most cafeteria plans, although not required to do so, allow election changes to the fullest extent permitted by law. Read more here...
July 24, 2015

New ACA Implications for Cafeteria Plans: Change in Status and Changing Employee Elections

Cafeteria plans, or plans governed by IRS Code Section 125, allow employers to help employees pay for expenses such as health insurance with pre-tax dollars. Employees are given a choice between a taxable benefit (cash) and two or more specified pre-tax qualified benefits, for example, health insurance. Employees are given the opportunity to select the benefits they want, just like an individual standing in the cafeteria line at lunch. Read more here...
June 19, 2012

IRS Provides Guidance on Health FSA $2,500 Limits

IRS provided guidance on the effective date of the $2,500 limit on salary reduction contributions to "Health FSA's"