Discover The Cafeteria 125 Plan
Learn How It Could Save Your Business $10,000's Per Year!
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Why Would You Want To Work With Us?
The real question is, why haven't you started working with us? We make it easy and no cost out of anyones' pocket to set up your businesses Custom Cafeteria 125 Plan, and we make it even easier to maintain. We handle all of the compliance for you to make sure you don’t have to jump through hoops just to stay qualified for the program. You will also get direct access with payroll providers, requiring zero contribution from members of staff. We handle it all, really, and bring all of the crucial pieces of the program together to produce an amazing benefits plan!
Benefits of the Cafeteria Plan Tax Credit Program
The Cafeteria Plan Tax Credit Program (Cafeteria 125 Plan) offers numerous benefits for employers and employees:
FINANCIAL BENEFITS:
- Charged on a pre-tax basis, saving employers and employees significant costs.
- Employers save about $1,097 per employee annually in FICA withholding.
- Employees save about $900 annually in FICA withholding.
HEALTHCARE BENEFITS:
- Free preventative healthcare coverage for employees.
- Access to hundreds of prescription drugs, 24/7 telemedicine visits, counseling, and preventative screenings.
- Unlimited primary care and urgent care visits.
- Extensive network coverage via the multiplan PHCS network (over 1.4 million providers).
IDENTITY THEFT PROTECTION:
- Including advanced monitoring and $1 million in identity theft insurance.
- Real-time and monthly fraud alerts, antivirus software, and full-service identity restoration.
- 24/7 lost wallet assistance.
WHOLESALE TRAVEL CLUB:
- Save up to 80% or more of retail rates.
- Unlimited access to wholesale rates for hotels, resorts, and cruises.
- Over 2.5 million hotels, 450,000 resort weeks, 10 million vacation rentals, and 18,000 cruise itineraries.
- No blackout dates or caps on savings.
VETERINARY TELEMEDICINE:
- 24/7 access to veterinary professionals in all 50 states.
- Consultations for pet health concerns from home.
- Save time, money, and reduce stress for employees with pets.
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Cafeteria Plan Tax Credit Program
The Cafeteria Plan Tax Credit Program offers extensive benefits to employers and W-2 employees that make it their choice program. There are 180 tax breaks written into the US Tax code in various forms, from exemptions and deductions to credits and preferential rates.
These tax breaks amounted to $1.8 trillion in 2023 and will be easily more than the Social Security, defence, Medicare, and Medicaid budgets combined. The Cafeteria Plan Tax Credit Program is one of the most generous of these tax breaks. Through a section 125 cafeteria plan IRS Tax Code, Employers can give their W-2 employees free preventative healthcare and lots more while the employers themselves get $1097 per year for each W-2 employee. It is also ultra-accessible for every business.