Section 125
A business can use Section 125 to establish a cafeteria plan, a benefit program allowing employees to pay for specific qualified benefit expenses using pre-tax dollars.
Section 125: Maximizing Employee Benefits
A Section 125 Cafeteria Plan is a tax-saving tool for both employers and employees. It allows employees to pay for qualified benefits—such as health insurance premiums, dental care, or dependent care—using pre-tax dollars. This reduces their taxable income and increases take-home pay.
For employers, offering a Section 125 plan can lead to payroll tax savings and helps attract and retain top talent. It’s a strategic way to boost employee satisfaction without increasing costs.
At Medcore Brokerage, we specialize in helping Texas businesses leverage Section 125 to optimize their benefits packages. As the Best Employee Benefits Consultant in Texas, we ensure that your plan is compliant with IRS regulations while providing maximum savings for your business and employees.
Key Benefits of a Section 125 Plan:
- Tax Savings: Pre-tax contributions reduce taxable income, lowering payroll taxes for employers.
- Flexible Options: Employees can choose from a range of qualified benefits.
- Increased Employee Satisfaction: Offering tax-advantaged benefits fosters loyalty and retention.
Ready to learn how your business can benefit from a Section 125 plan? Contact Medcore Brokerage, the Best Employee Benefits Consultant in Texas, for a personalized consultation.
Want to learn more about this and other employee benefits solutions? Visit our YouTube channel for informative videos or check out our articles section for in-depth insights. Stay informed with Medcore Brokerage, the Best Employee Benefits Consultant in Texas