Cafeteria Plan Document

Don’t forget about the basics!  Almost every employer requires their employees to pay some portion of benefits from pay and this should be on a pre-tax basis.  When was the last time you updated your document, or maintained a document with a Warranty for this price?  Ours permits pre-tax premium, flexible spending accounts, voluntary benefits, dependent care accounts and health savings account deductions. Get yours today and stay compliant.

With your EZ ERISA Plan Cafeteria Plan Document, you will receive:

  • Cafeteria Plan and Summary Plan Description Unified Section 125 Pre-Tax Premium Plan, With Optional Health Savings Account, Flexible Spending Account, Dependent Care Account and Voluntary Plan Payments.
  • Warranty
  • Cafeteria Plan Election Form Template

FAQs – Cafeteria Plans

Why do I need a plan document?

Almost every employer requires employee contributions toward some form of health and welfare benefit. Whether it is just premium pre-tax payments, or a full flexible spending account and dependent care assistance account or health savings account, you need a written document to govern the program. There are many reasons for this. First, this plan is a type of employee benefit and as such, ERISA Section 402 requires a plan document and ERISA Section 102 requires a summary plan description. Most employers will include the cafeteria plan documentation in the Wrap Plan document and summary plan description.

IRS will also require a written document consistent with Internal Revenue Code Section 125, under which these arrangements operate.

 If I only have pre-tax premium payment benefits, do I still need a document?

 Yes.

If I have flexible spending account plan, dependent care assistance plan or health savings plan options, will the EZ ERISA Plan cafeteria plan document allow me to include these options?

Yes, it sure will.

 


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