Section 125 FICA Savings Explained: What Every Employer Should Know
Section 125 FICA savings plan is an extensive, all-inclusive, and upgraded employee tax-saving plan. This plan is offered by employers and includes several pre-tax healthcare benefits. Employers and employees save significantly with this plan. However, they must ensure that the plan complies with IRS guidelines to avail the benefits. For a self-compliant plan, employees and […]
What You Need to Know About IRS Code Section 125 and Employee Benefits Cafeteria Plan
For employers who wish to offer their employees a more comprehensive benefits package but do not want to spend extra money doing this, knowing how to use IRS Code Section 125 is smart. But the catch is, it’s not all about the section 125 anymore. At Bright Path, our completely managed program merges Section 125 with […]
Why Every Employer Should Offer Cafeteria Plans and Health Savings Accounts?
A Smarter Way to Offer Employee Benefits In today’s competitive labor market, offering valuable benefits isn’t just a perk—it’s a strategy. Employers are seeking innovative, cost-effective ways to attract and retain top talent while managing rising healthcare costs. One of the most effective solutions? A combination of employee benefits cafeteria plans, and health care savings […]
