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  • Employer Cafeteria Plan

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EMPLOYER CAFETERIA PLAN SALARY REDIRECTION/REDUCTION AGREEMENT EMPLOYER: EMPLOYERS TAX ID NUMBER: AFFILIATES NAME/LOCATION: AFFILIATES TAX ID NUMBER: Flex One FSA? Yes No CAFETERIA PLAN YEAR: / /.

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Related content

FAQs for government entities regarding Cafeteria...
Mar 16, 2020 — A cafeteria plan is a separate written plan maintained by an employer for...
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26 U.S. Code § 125 - Cafeteria plans | U.S. Code...
26 U.S. Code § 125 - Cafeteria plans · (i) No employee is required to complete more than...
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2017 General Instructions for Forms W-2 and W-3...
May 2, 2017 — For 2017, a cafeteria plan may not allow an employee to request salary...
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Here are four examples of cafeteria 125 healthcare benefits for employees: Premium-only plan (POP) With a POP plan, employees pay for their health insurance benefits with their pretax income. ... Health savings account (HSA) ... Flexible spending accounts (FSA) ... Dependent care assistance plan (DCAP)

It's a deferment (pre-tax) of the employee's wage and should already be subtracted from the total amount reported in Box 1 of the W-2.

One of the main benefits of a cafeteria plan is the fact that it lowers your tax liability. By making pre-tax contributions to the plan, you reduce your gross income. Payroll taxes are deducted based on gross income, so the lower it is, the less tax you pay.

A Cafeteria Plan lets employees receive certain tax benefits. Specifically, employees are able to use a plan to pay for approved expenses with pre-tax dollars, thus saving them from paying taxes on the money put into their Cafeteria Plan. These plans are sometimes referred to as Section 125 Plans or Cafeteria Plans.

Employer contributions to employees' HSAs are made through a section 125 cafeteria plan and are subject to the section 125 cafeteria plan nondiscrimination rules and not the comparability rules if under the written cafeteria plan, the employees have the right to elect to receive cash or other taxable benefits in lieu ...

Contributions to cafeteria plans are withheld on a pretax basis, thereby lowering taxable income, which means employees pay less in federal income tax and Medicare and Social Security taxes.

A 401(k) cafeteria plan allows employees who are participating in their employer's 401(k) plan to also choose additional types of benefits from a smorgasbord of options on a pretax basis. These benefits can include: Group term life insurance. Flexible savings accounts and health savings accounts.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232