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Section 125 Cafeteria Plan
Employees wish they could keep more of their "take home" pay, while employers always desire greater profitability and higher earnings. At the same time, more and more employees have come to expect benefit packages aimed at not only attracting them to an employer, but keeping them, as well. Section 125 Cafeteria Plans and their administration by the professionals at Hawkins, Ash, Baptie fulfills the needs of the employees, and the requirements of business owners. For employees, this voluntary plan allows them to pay for many qualifying expenses with tax free dollars, including medical, dental, vision, and dependent care expenses. For employers, there is a savings of 7.65% (FICA tax rate) on dollars enrolled in a Cafeteria Plan. Additional savings may also apply. From employee consultations to annual filings with the IRS, your plan can be completely administered by the experts at Hawkins, Ash, Baptie & Company, LLP. Questions? For more information contact us
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