Section 125 Premium Only Plan

An Instant Raise

Give you and your employees an instant raise. By moving certain employee benefits so that they are paid with pre-tax dollars, you and your employees can save significant amounts of money that would normally be paid in taxes. It's simple, and one of the smartest things a business owner could ever do.

Section 125 Plans

Also known as Premium Only Plans, POPs reduce employee taxes as well as employer matching FICA taxes for group insurance (typically health) premiums. By pre-taxing their share of premium costs, employees save up to 35% depending on their tax bracket. As an employer, you save on the matching Social Security (FICA) and Federal unemployment taxes for approximate savings of 8%.

Click here for more information regarding S125 Plans.