Section 125 Administration

This section 125 administration guide is designed to provide you with the administrative processes for implementing and maintaining your section 125 plans with flexible spending accounts and or alternate premium plans throughout the plan year.

Section 125 administration. When outsourcing with boi not only will you be able to devote more time to your company s growth and profitability but you would also effectively rid your company of any potential liability. These benefits may be. The plan document must be current and comply with the latest irs and dol guidelines.

But the upkeep and compliance is often a burden. Section 125 plan administration. As an expert in administering the section 125 plan otherwise known as the cafeteria plan benefits outsource provide clients with a cost effective initiative for outsourcing their section 125 administration.

The irs section 125 plan cafeteria plan includes premium only plans and flexible spending accounts fsas it is an employee benefits program designed to take advantages of the tax provisions of section 125 of the internal revenue code for employees. A section 125 plan is part of the irs code that enables and allows employees to take taxable benefits such as a cash salary and convert them into nontaxable benefits. How much does section 125 and hra administration cost.

Unlike many administrators of section 125 or hra plans core admin does not have a minimum participant monthly charge for small employers but the administrative service is provided for our plan document clients only. This guide is broken into three sections for ease in locating the necessary information. If you re like other employers we work with it s likely been a while since you ve updated your section 125 plan document.