| |
| |
The Section 125 Plan provides tax savings by reducing employee medical premiums from your gross salary prior to calculation of federal income and social security taxes, as allowed under Internal Revenue Code (IRC) Section 125.
The Section 125 Plan reduction does not reduce the salary on which your maximum deferral limit for the Voluntary Investment Program is calculated. The reduction does, however, lower the salary on which both Social Security and Unemployment Benefits are calculated. If you are close to beginning a Social Security benefit you may wish to consider waiving the Section 125 Plan for your medical premiums.
For more information and to setup section 125 plan for your group please call our office |
| |
| |
| |
| |
| |
| |
| |
|
|
|
