A
Section 125 Cafeteria Plan provides a way for employees to select
certain benefits
normally
paid on an after-tax basis and, through salary reduction, pay
for these benefits
on a
pre-tax basis. The most common benefits include health insurance
premiums,
out-of-pocket
medical expenses, and dependent care expenses. Section
125 will
benefit
employers with reduced payroll costs and an enhanced ability to
recruit and
retain
quality employees. Meanwhile, employees enjoy the increase in
take-home pay
and
the option to choose from benefits that address their individual needs.
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