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 […]
Pre-Tax Cafeteria Plans: Your Key to Saving on FICA Taxes
If you’re an employer looking for a better solution than cutting back on benefits—and instead want to save without slicing benefits to the bone—or an employee curious about how to stretch your paycheque further, BrightPath Advantage represents a wiser path. This isn’t a conventional benefits plan. It’s a completely managed, no-fee solution that integrates a […]