FIVE
|
50
Acme · Plan year starting 2027-01-01
Section 5 of 11 · Section 125
Saved 3:11 PM
✓
Plan facts
✓
ERISA/5500
9/9
✓
ACA
8/8
✓
Medicare / MSP Rules
2/2
✓
COBRA
5/5
✓
Section 125
4/4
✓
HIPAA
3/3
✓
CAA
7/7
✓
Non-Discrimination Rules
5/5
✓
Notices/ Disclosures
2/2
✓
State Requirements
7/7
✓
ICHRA
4/4
≡
Review
▣
Report
56 answered
11 of 11 sections done
Section 5 of 11
Section 125
Incentivizing Participants with Tax-Free Benefits
✓
Q1
Which benefits are paid by employees via pre-tax salary reduction? (select all that apply)
Medical, Group Term Life, Long Term Disability, Fixed indemnity insurance (e.g., hospital, critical illness, cancer, accident)
Because you answered
"Medical, Group Term Life, Long Term Disability, Fixed indemnity insurance (e.g., hospital, critical illness, cancer, accident)"
, 3 more questions in this section apply.
✓
Q2
Has the employer adopted a
Section 125 Cafeteria Plan Document Premium Only Plan (POP)
with required contents/language?
Yes
✓
Q3
Is the employer allowing prospective mid-year plan changes only upon the appropriate
qualifying life events
?
No
✓
Q4
Are
self-employed owners
allowed to participate pre-tax through the cafeteria plan, including Health FSA?
No