Cafeteria Plans

Put More Money In Your Employees Pockets

A Cafeteria Plan is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. Its name comes from earlier plans that allowed employees to choose between different types of benefits similar to a customer choosing from the many items in cafeteria.

Benefits and Features

Employees may obtain benefits such as health insurance, group term life insurance and flexible spending accounts through a Cafeteria Plan via payroll deduction. Deductions under a Cafeteria Plan are often called pre-tax deductions. Unreimbursed medical expenses and dependent day care expenses are a few other items that are available to be paid through a Cafeteria Plan.

Why A Cafeteria Plan?

Reasons for implementing a plan are primarily for the tax savings advantages for the employer and the employee. Both parties save on taxes thus increasing their spendable income.

At Winter-Dent & Company, we can assist you in implementing a Cafeteria Plan. Our Employee Benefits specialists will work with you to help you determine what type of plan is best for you and your employees.