Sentences with phrase «cafeteria plan your contributions»

In a cafeteria plan your contributions to your coverage are deducted from your paycheck in a pre-tax manner, your employers contributions to the plan are a business expense.

Not exact matches

Employers will be allowed to offer HRAs through a cafeteria plan; however, these employer contributions must be made available on a comparable basis, on behalf of all participating employees.

Including health insurance, dental insurance, life insurance, long term disability, short term disability, teacher's retirement deductions / contributions / reporting, tax sheltered annuity deductions / contributions / reporting, flexible spending account (cafeteria sec. 125 plans), insurance deduction plan, dependent care plan, medical Expense Plan, account administration and reportplan, dependent care plan, medical Expense Plan, account administration and reportplan, medical Expense Plan, account administration and reportPlan, account administration and reporting.

If an employee participates in multiple cafeteria plans offering health FSA's maintained by members of a controlled group or affiliated service group, the employee's total health FSA salary reduction contributions under all of the cafeteria plans are limited to $ 2,500.

Depending on how the employer has structured the cafeteria plan, employees may reduce their salaries on a pre-tax basis for any contributions for selections in the cafeteria plan.

Box W: Employer contributions (including employee contributions through a cafeteria plan) to an employee's health savings account (HSA).

The big difference for me is that my contribution thorough a cafeteria plan also skips Social Security and Medicare taxes.

That is a 6.2 % (SS) + 1.45 % (Medicare) tax on those contributions if done outside a cafeteria plan.

Advising employers regarding wellness programs, cafeteria plan compliance, health savings accounts, and defined contribution health care strategies