Convenience
With online access 24/7, you can make updates to your POP plan documents at any time in just moments.
Timely Updates
Our access to a legal team that is constantly involved with the latest legistlative changes enables you to get timely, automated updates to your sec 125 pop plan documents.
Safe & Secure
Our site uses the latest in Internet security to protect your sensitive company information.
Cost Effectiveness
While most companies have yearly document fees and charge per ammendment, our low annual fee includes all amendments and critical updates to your documents.
Avoid Expensive Penalties
With timely updates made automatically to your documents and immediate online access, we make it easy to stay in compliance with IRS section 125 pop in the event of an audit.
FREQUENTLY ASKED QUESTIONS
What is the difference between a full blown Section 125 Plan and a Section 125 Premium Only Plan?
A premium only plan contains limited language of the Section 125 Plan that only allows for eligible benefit premiums and HSA (health savings account) contributions to be withdrawn from payroll on a pre-tax basis.
A full Section 125 Cafeteria Plan allows for FSA (Flexible Spending Accounts) and dependent child care to be deducted from payroll on a pre-tax basis for eligible out of pocket expenses, but also most commonly includes the Premium Only Plan language with the eligible benefit premiums.
How much does a Premium Only Plan cost?
Typically a plan document and necessary forms will cost anywhere from $100-$600 through an attorney or tax advisor. Many payroll providers charge set-up fees as much as $600 but once you have the document you will be required to update as new legislation is available. A Premium Only Plan will cost only $89 a year if you choose www.taxfreepremiums.com as your document provider, which includes all mandated updates.
