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We make it easy to file Section 125 Cafeteria Plan forms
Making Compliance Easy with our Premium Only Plan (POP) Service
Section 125 Cafeteria Plan Benefits:
Employees enrolled in a section 125 plan can set aside insurance premiums and other funds pretax, which can then be used on certain qualified medical and child care expenses. Since more participants in the plan equate to more tax savings for the employer, it is often suggested that the employer contributes to each employee’s plan to promote increased participation by those not yet in the section 125 plan.
- Create, store and edit 125 POP documents in our web-based tool
- Documents are updated automatically with required IRS changes
- Clients and their broker can access 125 POP documents
- Includes 125 POP Summary Plan Description (SPD)
Includes discrimination testing
For an Annual Fee of
No Hidden Costs
$ 89
Per Year
Get Started Today
Special Wholesale Rates: Resellers or Partners (Brokers, Payroll Providers, PEOs, CPAs, Attorneys, etc.) contact us for special wholesale rates at (833) 685-8400 x 1 or Solutions@hrserviceinc.com
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Benefits of Using HR Service, Inc. for you Section 125 POP Documents
Why Do I need a Section 125 Cafeteria Plan?
Cafeteria 125 plans or POP, is an employee benefit that allows employees to pay for their portion of insurance premiums with pretax dollars saving on federal, state, and Social Security taxes. The plan enables pretax offerings on benefits.
Section 125 POP Document Service Benefits
One Low Annual Fee
While most companies have yearly document fees and charge per amendment, our low annual fee includes all amendments and critical updates to your documents.
Fast, Easy and Accurate
We keep your document current when there are changes in the IRS requirements. We provide everything you need for a formal plan document. Best of all, it only takes a few minutes to create.
Law Requirements
Federal law requires all employers to have a Section 125 Cafeteria Premium Only Plan (POP document) if offering tax free benefits to their employees.
Updated & Automated
Many companies have a Section 125 POP plan document on file, but it is out of date. Our automated and real-time updates make staying in compliance with a breeze.
What is a Section 125 POP Plan?
This law outlines the rules employers must follow when establishing a cafeteria plan. It defines the term cafeteria plan and describes the types of benefits such a policy may include. If you are found to be discriminatory, the benefits it provides to highly-paid workers will be taxed.
The name “Section 125 Premium Only Plan” POP, derives from Title 26, Section 125 of the United States tax code. It’s Also known as a Cafeteria Plan. This law outlines the rules employers must follow when establishing a cafeteria plan. It defines the term cafeteria plan and describes the types of benefits such a policy may include. The law prohibits programs that discriminate against lower-paid workers by favoring those who have high compensation. If you are found to be discriminatory, the benefits it provides to highly-paid workers will be taxed.
Tax Advantages of Having a Premium Only Plan
Not only do employees keep more money in their pockets, you, as the employer, will save money, lower your taxes paid towards the employee’s Social Security match. HR Service Inc., POP Solutions, combined with our Premium Only Plan, is so convenient. You can easily create your plan documents and summary plan description using our web-based tool and easily make any needed updates.